But that doesn't mean the fight against high inflation has been won yet. Additional monetary policy measures will probably be needed, even if they are likely to cause an additional burden and dampen economic activity further. But to do nothing and let things run their course is not an option.
That means running the risk of monetary policy having to be tightened even more sharply later on. People in the euro area can be confident that the Eurosystem will fulfil its mandate and restore price stability. 3 Digital euro Ladies and gentlemen, Monetary policy is without a doubt the Eurosystem's most important task, but not its only one.