So, we are taking it personally, we are getting active and we are imagining both the world we need to get to and how we get there28. Thank you. ——————————————————————————1 I would like to thank Yvonne McCarthy, Vasileios Madouros, Paul Reddan, and Mícheál O’Keeffe  for their assistance in preparing my remarks. 2 Central Bank of Ireland: LinkedIn (10 May 2019).
In particular, ECB policy decisions over the past five years were dictated by the inflation outlook for the euro area, in line with past historical regularities in our interest rate settings.7 The euro area average, however, is neither representative of the conditions prevailing in all Member States, nor of the distribution of funding costs across borrowers within countries.