Recently these forecasts have been published as ranges, for example, 2–3 per cent for inflation. In the next  Statement, these ranges will be replaced by the central forecasts to the nearest quarter  point. Anything more precise than that is false precision in my view.
The Governing Council fully supports the ECOFIN Council’s conclusion that “particular attention should be given to increasing employment rates, especially in the context of ageing populations, within the continuing need to increase growth by raising both employment and productivity.” To this end, we strongly support the Commission in its determination to promote the renewed Lisbon Strategy and we encourage national governments to show their determination in this regard by implementing structural reforms in Europe.