We will continue to monitor this carefully. 4. Longer-term inflation expectations Policymakers and analysts generally believe that, as long as longer-term inflation expectations remain anchored, policy can and should look through temporary swings in inflation. Our monetary policy framework emphasizes that anchoring longer-term expectations at 2 percent is important for both maximum employment and price stability.
Andreas Ittner: Accounting is all about trust Speech given by Mr Andreas Ittner, Vice Governor of the Central Bank of the Republic of Austria, at the fifth ECB conference on Accounting, financial reporting and corporate governance for central banks, Frankfurt am Main, 21 June 2016.