Our aim is to dampen the excessively high inflationary pressures that we’re currently seeing in the euro area and achieve our target of 2 per cent inflation over the medium term.
Could the residents of sophisticated eighteenth-century London, prior to Sir William Herschel's demonstration of invisible radiation, even contemplate the existence of radio waves that would reach around the world? I still have trouble grasping how the shortwave transmissions of the BBC travel thousands of miles to find their way to my bedroom at night to be picked up by my transistor shortwave radio.