However, our outlook remains that the US economy will moderate to a more sustainable pace next year and into 2020 and that inflation expectations remain well anchored. So, let us sum up the financial stability situation.
In parallel, the governments of ASEAN+3 member countries are now implementing the Asian Bond Market Initiative (ABMI) to foster deregulation and to create an environment conducive to investment. The results have been impressive: the local-currency bond markets in Asia have developed significantly, as shown in Figure 1, in terms of amount outstanding for both government and corporate bonds.