However, under this theme, many issues have already been raised and numerous discussions held. I myself have participated in many such discussions at many international forums and, I have to confess, I have been wondering about some piece missing in these discussions.
Looking ahead, in the context of high uncertainty, the ECB's Governing Council will take a data-dependent approach to policy rate decisions, which will be determined by the  2/4  BIS - Central bankers' speeches  Governing Council's assessment of the inflation outlook in light of the incoming economic and financial data, the dynamics of underlying inflation, and the strength of monetary policy transmission.