More generally, our monetary policy actions in pursuing our mandate will benefit from the completion of the banking union, through the creation of a European deposit insurance scheme, the third pillar of the banking union, as well as a common backstop for the Single Resolution Fund.
Continuation of QQE with Yield Curve Control  QQE with Yield Curve Control Yield Curve Control  Inflation-Overshooting Commitment  1.0 % 0.8  "The Bank will continue expanding the monetary base until the year-on-year rate of increase in the observed CPI (all items less fresh food) exceeds the price stability target of 2 percent and stays above the target in a stable manner."