Third, the quantitative definition of price stability continues to refrain from rejects a corridor for inflation outcomes. Fourth, the type of analysis undertaken under both economic and monetary pillars is unchanged. Within the existing framework, though, the Governing Council undertook distinct clarifications.
First, the quantitative definition of price stability has been clarified by defining the aim of the Eurosystem  6  BIS Review 24/2003  within the existing definition (i.e. close to 2% "from below").