Taking the appropriate medium-term perspective, underlying price pressures are expected to remain subdued, reflecting the broad-based weakness in aggregate demand and the modest pace of the recovery. Medium to long-term inflation expectations continue to be firmly anchored in line with price stability.
Concluding remarks By sharing these ideas born from experience, my ultimate objective is not to teach lessons but to convey a message of optimism and hope: the problems many European countries are facing today have a solution, if they act decisively and on time.