My point is that the global conditions for growth will gradually improve and that the course of inflation will normalise. But this depends on decisions made abroad, which govern the real interest rate that we in Sweden have to relate to. Growth conditions in Sweden also depend on the Swedish economy's ability to constantly transform in an orderly manner. Monetary policy can function as a bridge over to a new normal situation. But the new normal will be determined by decisions that are beyond the central bank's control. 3  Another such period, but one in which completely different challenges arose, was the financial crisis 2008–2009. 4  See the minutes of the monetary policy meeting on 10 February 2016 and SvD Andrén Meiton 9 March 2015. 4  BIS central bankers’ speeches
I am sure that the Hong Kong banking sector will not only survive the process, but also go on from strength to strength in the future. BIS Review 48/1998