Strong vigilance is warranted with regard to all developments which could imply risks to price stability over the medium term. I shall now explain our assessment in more detail, turning first to the economic analysis. The information available to date indicates that the economic recovery in the euro area is continuing.
As a first step, in the coming weeks we hope to publish a preliminary example of this kind of work. We’ve also just posted an article in The Economy, Plain and Simple that sets out why climate change matters for the economy and the financial system.