If you react late, you risk some inflationary pressures, as the economy turns out to be stronger than you thought. This risk is deemed to be limited given the degree of slack we are still seeing in the euro area.
On the other hand, scaling back too early could jeopardise the recovery and the convergence of inflation towards our objective”  Is that the discussion that ECB President Mario Draghi referred to in his most recent press conference? Praet: “No, that debate primarily concerned upside and downside risks for growth. Are they balanced or not?