As a member of the Policy Board – which has the responsibility to ensure price stability – I made all efforts to present the most probable scenario in the October 2015 Outlook for Economic Activity and Prices (Outlook Report).
A similar relationship will naturally also exist with the euro-11, whose meetings will generally be attended by the President of the ECB, whenever matters relevant to the ESCB are on the agenda. Monetary policy strategy of the ESCB We are now approaching the start of stage three of EMU.