This is the objective of the ECB’s comprehensive assessment, while the timely implementation of additional steps to establish a banking union will further help to restore confidence in the financial system.
To sum up, the economic analysis confirms our expectation of a prolonged period of low inflation, to be followed by a gradual upward movement towards inflation rates below, but close to, 2% later on. A cross-check with the signals from the monetary analysis confirms the picture of subdued underlying price pressures in the euro area over the medium term.