Right from the start, the ECB has demonstrated responsibility, reliability and consistency in its monetary policy. The ECB is close to its objective of safeguarding price stability, and keeping inflation below 2 % in the medium run. The inflation rate in the euro area is likely to drop back below 2 % in the second half of 2001.
[1]  Carvalho, C. and Nechio, F. (2014), “Do people understand monetary policy?”, Journal of Monetary Economics, 66, 108-123; van der Cruijsen, C., Jansen, D.-J. and de Haan, J. (2015) “How Much Does the Public Know about the ECB’s Monetary Policy? Evidence from a Survey of Dutch Households”, International Journal of Central Banking, 11, 169-218.