With interest rates across the entire maturity spectrum remaining low and the monetary policy stance still accommodative, we will continue to monitor very closely all developments with respect to upside risks to price stability.
Maintaining price stability over the medium term is our guiding principle, which we apply when assessing new information, forming our judgments and deciding on any further adjustment of the accommodative stance of monetary policy. Turning to fiscal policies, current information points to uneven developments in countries’ adherence to the agreed fiscal consolidation plans.