Signals showing the convergence of inflation towards our aim have been improving, and both the underlying strength in the euro area economy and the fact that such strength is increasingly affecting wage formation supports our confidence that inflation will reach a level of below, but close to, 2% over the medium term.
It potentially requires the analysis of complex financial trails which cross many international borders; close cooperation with overseas authorities; and resource intensive efforts to link the proceeds to a geographically remote underlying predicate offence.