•  On the basis of its economic and monetary analyses, and by acting in a firm and timely manner, the ECB will ensure that upside risks to price stability over the medium term do not materialise and that medium and long-term inflation expectations remain firmly anchored in line with price stability.
The cash changeover will also achieve one of the main advantages of the single currency: transparency of prices in all markets. This will further facilitate the emergence of a truly single market, because it will be increasingly difficult to maintain price differentials for the same or similar products between countries.