In another case, the employees of a bank that reported a suspicious transaction, were called and probed in the prosecutor office as being those the persons of actually being involved in ML. The reporting subjects and the institutions that implement the law, must define among each other certain procedures that would eliminate the occurrence of such case and that ensure the protection of confidentiality of the persons that have filed the suspicious reports. As long as this element is not totally ensured, any other discussion on the matter risks being a purely theoretical one, without much practical values. In conclusion, as a Governor, I must say that I would encourage a better cooperation among the institutions that are subject or that implement the law on AML. At the same time, Bank of Albania as the supervisory institution of its licensees will promote a stronger contribution by banks in Anti Money Laundering requirements implementation. In exerting our function, we shall not be limited to the verification of the existence and the functioning of the internal structures and procedures, but will deepen further on assessing the support the management structures of the banks, give to the real implementation of the AML internal policies. The position of a central bank is, according to the law, very comfortable, but playing the proactive role of a responsible central bank, showing the concrete implementation of this responsibility, we will intensify our efforts together with the other actors of interest to enable a better implementation of the law on money laundering prevention.
Although annual inflation may rise during the second quarter of 2011 amid very low base effects from food inflation, inflation is expected to fall gradually in subsequent periods to stabilize at around 5 percent by early 2012. I think analyzing the forecasts by comparing the latest data with the previous Report period would help to better understand the changes in forecasts. As I have mentioned earlier, we revised our output gap estimates slightly downwards compared to the April Inflation Report, owing to the anticipated impacts of the problems in the euro area on aggregate demand (Figure 34). However, there is no significant revision in the pace of the recovery, as the downward revision in the monetary policy stance is expected to partially compensate for the adverse impact of weaker external demand. In this respect, we based our assumptions on an outlook, in which there would not be a remarkable change in the pace of the recovery in economic activity. Accordingly, there has been no significant revision in the inflation forecasts for 2011 and onwards (Figure 34). BIS Review 133/2010  15  Any new data or information regarding the inflation outlook may lead to a change in the monetary policy stance. Therefore, I would like to underline once more that the assumptions regarding the future policy rates underlying the inflation forecast should not be perceived as a commitment on behalf of the CBT. 4.