This assessment encompasses a wide range of indicator variables, including macroeconomic projections produced both within and outside the Eurosystem. Using the information obtained from this analysis, the Governing Council of the ECB comes to a decision on the level of short-term interest rates that will best serve the maintenance of price stability in the euro area as a whole in the future.
The best that I can do on the topic of the exchange rate is to recount a story about the euro, which has recovered somewhat from its weakness against the dollar. Please bear in mind that I tell the story with my tongue firmly in my cheek.