"Inflation has continued to be less of a concern for policy makers than growth or financial stability per se, so we will probably repeat to a lesser degree what we had late in 2010, which was leaning against the wind and intervening, " said Mr. Chow of Barclays Capital.
In this case, the Troika puts in question not just the credibility of deposit insurance per se but the safety of deposits in financial institutions against state confiscation.