As the employment and income situation has continued to improve, factors such as the wealth effects resulting from a rise in stock prices and the dissipation of the effects of irregular weather are considered to be supporting the pick-up in the CAI.
Our two central banks conduct similar exercises in robust policymaking within a shared framework of common principles: a clear definition of price stability, a mediumterm policy orientation, and an important role assigned to monetary indicators for the assessment of longer-term risks to price stability. Conclusions Permettez-moi en conclusion, cher Jean-Pierre, cher Président, de souligner trois points.