Summing up: (Introduction to the General Discussion)

Summing up.

The Chairman's summing-up

Summing Up

Summing up by the Chairman

Directors welcomed the continued resilience of the global financial system, which has been supported by solid global growth, low inflation, abundant liquidity, and flat yield curves. They considered that financial conditions will likely remain benign in the most likely scenario of continued growth, contained inflation, and stable inflationary expectations. At the same time, Directors noted that...

Summing up by the Chairman

Directors noted that global fi nancial stability has endured a diffi cult period since the publication of the April 2007 Global Financial Stability Report (GFSR). Overall, fi nancial risks have risen and markets are continuing to experience bouts of turbulence. Directors agreed with staff that, while there has been some calming in certain respects, markets generally remain unsettled, and credit...