14 We will continue to monitor incoming inflation data against each of these assessments.
The EONIA is expected to go above zero only in 2019 and reach 2% in ten years-time. On the other hand, market expectations of ten years German and Spanish sovereign bonds yields five years from now are respectively 1.5 and 3.3 and only move to 1.76 and 3.9 when assessed ten years from now (Figure 5, RHS).