To address these risks, the European Central Bank (ECB) implemented additional monetary easing – including the  BIS central bankers’ speeches  1  introduction of a negative interest rate – in June and September 2014, and also showed its commitment to further implement monetary easing measures, if needed, at the Governing Council in November.
However, the inflation rate in the euro area has not stopped declining clearly since that time. The ECB is aggressive in taking measures to address future risks, and I would like to keep a close eye on its policy actions and the effects.