"Measured" relates to the judgments that we will make as we approach full capacity. If the economic data going forward tell us that we are taking up excess capacity more quickly than expected, we would have to reduce monetary stimulus more quickly.
Ignazio Visco: Welcome address - 3rd Finance and Productivity Conference Welcome address by Mr Ignazio Visco, Governor of the Bank of Italy, at the 3rd Finance and Productivity Conference, "Green Deal - reformation, evolution, and revolution", Rome, 8-9 June 2023.