It is a _____________ great importance for an economy that inflation and inflationary expectations are _____________ under control. Else - the economy risks getting into a situation where any sign of even moderately strong economic growth leads to _____________ high inflation - thus - structurally reducing the potential rate of growth of the economy .However - the timing of the increase and decrease in rates is always a very difficult decision as it hasto ensure _____________ between both inflation and growth.