Observation, [very] close (monitoring [very] closely)

Linguistic formula in central bank pronouncements indicating an impending increase in the policy rate. – See information, market-sensitive, ECB minutes, publication, open-mouth policy, vigilance, high.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/