Notes: 1. Figures in brackets indicate the medians of the Policy Board members' forecasts (point estimates). 2. The forecasts of the majority of the Policy Board members are constructed as follows: each Policy Board member's forecast takes the form of a point estimate -- namely, the figure to which they attach the highest probability of realization.
In a few weeks' time, on 1 January 2002, a new milestone will be reached when the euro, our money, becomes truly tangible. The introduction of the euro banknotes and coins indeed constitutes a historic event in the process of European integration, and represents a key accomplishment in the already long European experience.