As you can see from this discussion process, the nine members of the Policy Board assess each type of economic data comprehensively and in depth from various perspectives, and thus a wellthought-out assessment of the economy is formulated.
At the same time, a successful banking union in the euro area will help crisis prevention in future. It will also be helpful for crisis resolution at present. On both counts swift implementation of SSM and SRM would reduce, not increase, the risks of overburdening monetary policy. Over the medium term, and in most circumstances, monetary and financial stability are complementary.