Europeans can rely on the ECB and on the Eurosystem as a whole to preserve and consolidate this confidence. I thank you for your attention. BIS Review 41/2005  5
Rather, we consistently aim to get back to 2 per cent over a horizon of 1 1/2 to 2 years. Following such a practice means that the average inflation rate over successively longer periods of time will tend to be increasingly close to 10 2 per cent.