Therefore, looking ahead, it is crucial that the social partners continue to meet their responsibilities in this regard, also in the context of a more favourable economic environment. Further input into our assessment of the outlook for price developments is again provided by the March ECB staff projections.
During the process, many people who have various kinds of expertise and experience in economics, finance, law, and information technology are involved. In addition, they build up a policy by understanding their colleagues' jobs and by cooperating with each other.