This could in turn slow down investment and production, and possibly have some adverse impact on prices and inflation. As an example in the other direction, keeping monetary policy rates too low for too long may encourage excessive risktaking in some markets. This may spur the creation of asset bubbles and have repercussions on financial stability.
We can see why monetary and macro-prudential policies need to be properly aligned. In striving for price stability, the ECB needs to keep an eye on the possible effects of currently deployed or planned macro-prudential policies. Likewise, from a macro-prudential perspective, the current and expected future course of monetary policy needs to be taken into consideration.