The mobile banking guidelines were relaxed in December, 2009 to –  13.
And my simple and agnostic answer is: as monetarist as the empirical evidence supports. There is a well-established long-run relationship between money growth and inflation in the euro area: monetary aggregates in the euro area prove to have explanatory power for longer-term inflationary developments. This is documented, not least, by current research carried out in the Bundesbank.