Luis de Guindos: Interview with Market News Interview with Mr Luis de Guindos, Vice-President of the European Central Bank, and Market News, conducted by Mr Luke Heighton on 7 October 2019, and published on 9 October 2019. * * *  How pessimistic are you about the state of the European economy at the moment?
The Bank aims to achieve the 2 percent price stability target with a time horizon of about two years and implement measures toward achieving the target, which would be effective in overcoming the policy constraints. With the implementation of the QQE, inflation expectations have actually been edging up, as I mentioned earlier, and thus the Bank’s policy has started to exert its intended effects.