I also believe that inflation expectations will be relatively stable and that inflation will move up toward our goal of 2 percent over the next year. I expect the housing and construction sectors will continue to recover. But we should not seek to return to the heady days of last decade’s real estate boom.
1 And in June we considered how the digital euro could be designed to avoid it having a negative effect on financial stability. 2 Following our exchanges with you and other stakeholders, which provided us with valuable input, the ECB's Governing Council has now endorsed a first set of foundational design choices 3 that cover these issues.