As it happened, the implications for the outlook of the evidence reviewed at the September meeting were mixed at best, while the ongoing fiscal debates posed additional risks.
BIS central bankers’ speeches  1  According to Eurostat, euro area annual HICP inflation was –0.1% in September 2015, down from 0.1% in August. Compared with the previous month, this mainly reflects a further decline in energy price inflation. On the basis of the information available and current oil futures prices, annual HICP inflation rates will remain very low in the near term.