In the euro area, the ECB has presented a quantitative definition of price stability and expressed it in a numerical way, which is below, but close to, 2 percent. While there are various ways of how this is expressed, conducting monetary policy that aims at around 2 percent inflation has become a global standard.
Aujourd’hui, je reviendrai d’abord brièvement sur la situation économique et monétaire, en expliquant les raisons sous-jacentes à nos récentes décisions de taux.