It is my view that, after the problems that have also hit the European economy in recent years, the ECB needs to be able to give a positive response to the question of whether it did, within its mandate, its share and all it could to solve the problems.
On the basis of current futures prices for energy, annual inflation rates are expected to remain at low levels in the coming months. Underlying price pressures in the euro area are expected to remain subdued over the medium term.