Yves Mersch: Interview with Reuters Interview with Mr Yves Mersch, Member of the Executive Board of the European Central Bank, conducted by Mr Balazs Koranyi on 14 March 2018 and published on 16 March 2018. * * *  Mario Draghi took a cautious view on inflation, arguing that economic slack may be bigger than earlier thought.
What is the implication of this unexpected slack? The policies we have undertaken, especially since 2014, have been quite successful in getting us closer to our inflation aim. But there are uncertainties about the process of inflation, given factors like globalisation and technological changes.