Substantially easing monetary policy in the short term to deal with the effects of a bursting financial bubble on the real economy entails the obligation to normalise monetary policy again more swiftly than in the past in order to prevent new imbalances from emerging. 4  BIS Review 149/2008
This growth is expected to be sustained going forward with sound macroeconomic fundamentals complemented by the government’s “game-changing” reforms aimed at bridging infrastructure gaps, strengthening our investment profile, and supporting the future of, as the World Bank called it, our “globally recognized competitive workforce.” However, the external environment has become more uncertain in recent months given trade and geopolitical tensions.