In particular, social partners can rely on the commitment of monetary policy to maintain price stability over the medium term and they should continue along the path of wage moderation observed in recent years. In the same vein, fiscal authorities should control expenditure growth, as it could otherwise fuel upward pressures on prices.
Benoît Cœuré: Triparty Settlement Interoperability Speech by Mr Benoît Cœuré, Member of the Executive Board of the European Central Bank, at the signing ceremony for the Memorandum of Understanding on Triparty Settlement Interoperability, Frankfurt am Main, 15 July 2013.