Market-based indicators of longer-term inflation expectations have remained at depressed levels. While survey-based indicators of inflation expectations have declined over the short and medium term, longer-term expectations have been less affected.
1/6  BIS central bankers' speeches  Given the recent improvement in the euro area economy, do you think that the accommodative September package, including the restart of bond purchases (Quantitative Easing, QE) is still appropriate – or was it an overreaction, as some critical members of the ECB’s Governing Council have said openly?