Accordingly, the Governing Council will continue to monitor very closely all developments, so as to ensure that risks to price stability do not materialise. By maintaining price stability over the medium term, we preserve the purchasing power of households, and by ensuring that inflation expectations are solidly anchored at levels in line with price stability, we help to maintain favourable financing conditions for investors.
In this way, we make an ongoing important contribution to sustainable economic growth and job creation. Fiscal policies and the revised Stability and Growth Pact The preservation of price stability and the attainment of higher sustainable growth require the support of sound fiscal policies and the implementation of appropriate structural reforms.