We must be focused on reducing inflation because, despite a lot of talk about recession lately, the evidence from the labor market indicates the economy is on track, while inflation continues to be far too high.
We may not take the most direct route to our destination. But important thing is that, in the end, we get there. I am confident that in Europe we are heading slowly but surely down the right track. Thank you for your attention. 4  BIS central bankers’ speeches