Luis de Guindos: Communication, expectations and monetary policy Intervention by Mr Luis de Guindos, Vice-President of the European Central Bank, at the ECB policy panel of the Annual Congress of the European Economic Association, Manchester, 27 August 2019.
We are proud to have had an average price increase of 1.97% per annum over the first 12 years of the single currency, which precisely matches our objective of an increase of close to, but below, 2%. Moreover, this result is better than that of all the larger economies of the euro area over the past fifty years.