At the heart of the package is the Recovery and Resilience Facility (RRF). By supporting Member States’ reforms and public investment, the RRF will provide an anti-cyclical fiscal impulse in the immediate term – much needed across many parts of Europe. And I do believe that, given the current circumstances, it can catalyse private sector investment.
The February Monetary Policy Report provides additional information on employment disparities between rural and urban areas. Overall consumer price inflation, as measured by the 12-month change in the price index for personal consumption expenditures (PCE), is estimated to have been 1.7 percent in December, held down by recent declines in energy prices.