Mario Draghi: Significant progress in 2012 and prospects for 2013 Address by Mr Mario Draghi, President of the European Central Bank, at the New Year’s Reception of the Frankfurt Chamber of Commerce and Industry, Frankfurt am Main, 22 January 2013.
The symmetry of monetary action that goes with our inflation-targeting framework is the best way to achieve inflation control and thus the objectives of the Act with respect to output and employment. In addition, a monetary policy that consistently delivers low, stable, and predictable inflation is likely to provide the greatest contribution to sustained growth in output and employment.