The legacy of a unitary approach to bank regulation When I was teaching banking law prior to my appointment to the Board of Governors, I noticed an interesting disconnect in the best casebooks in the field.
Cost-generated inflation tends to rise, and that certainly does not make the ECB's task any easier, given that our job is to maintain price stability within the Monetary Union. [Question] On the subject of inflation, the ECB has estimated the euro area's non-inflationary potential growth rate to be between 2.0% and 2.5%. Can you confirm that estimate?