At this point, I believe inflation and inflation expectations will be largely contained by competitive market forces and continuing adjustments to the stance of monetary policy,

I'm concerned that we will get higher inflation expectations, but that in actuality, inflation will remain low.

In the long run, economic growth will continue to get an important boost from the development of new technologies and the discovery of new ways to work better, faster and smarter,

In the long term, though, I think the moderation of growth that we'll witness in 2001 will be a mostly healthy thing,

After two or three months of inflation numbers coming in above expectations you start to revise inflation expectations upward, which puts pressure on domestic interest rates.

The main enemy Morales faces is the inflation of expectations. People have a lot of hopes, a lot of expectations. But some are expecting miracles in the short term.