House has key role in reform agenda. Adoption of single advisory board very crucial. Further weakness seen early 2013. Gradual recovery seen later in 2013. Yet to see sustained improvement in economy. Exchange rate not policy target. Banks less worried about funding. External global pressures could dampen Euro recovery. Inflation expected to decline below 2%. Nothing different, so far, to the ECB presser. All previous decisions have stabilised price stability. Low rates have hurt savers but stability is more important. Should mon pol be used to protect against bubbles. (full story)