Risks regarding prices include developments in medium- to long-term inflation expectations, in the output gap, and in import prices. I view these upside and downside risks to economic activity, as well as to prices, as generally balanced. II. Monetary Policy  A.
In order to facilitate the adoption of EMU-related legal, operational and policy requirements, the ECB has initiated a dialogue with the central banks of the accession countries, which was most notably reflected in the organisation of a high-level seminar in Helsinki in November last year.