I am confident that the additional dimension that can be given to our financial sector activity by embarking on the derivatives market will enhance the market environment and increase the job satisfaction of our qualified treasurers by putting into their hands a wider range of tools to work with.
To sum up, the economic analysis confirms our expectation of a prolonged period of low inflation, to be followed by a gradual upward movement towards levels of inflation closer to 2%. A cross-check with the signals from the monetary analysis confirms the picture of subdued underlying price pressures in the euro area over the medium term.