Deliberate in the sense that the process inspires lively debate, giving MPC members every possible chance to challenge assumptions, critique policy judgements and assess a range of policy strategies to achieve our dual mandate objectives. A crucial part of this is that the MPC members hold back their views on the decision until the final stages, rather than starting with them.
A single currency – with a single set of payment instruments – in a single euro payments area. With SEPA, this becomes a reality. And we, as euro area citizens, will be able to make euro payments as cheaply, as easily and as safely as we do national payments.