By acting today in a timely fashion, the Governing Council is helping to anchor medium and long-term inflation expectations at levels consistent with price stability, thereby making an ongoing contribution to sustainable economic growth and job creation.
Looking ahead, given that our monetary policy continues to be accommodative, a progressive withdrawal of monetary accommodation will be warranted if our assumptions and baseline scenario are confirmed. The Governing Council will continue to monitor very closely all developments so as to ensure that risks to price stability do not materialise.