This corresponds to € billion per year, on average, until 2030, at 2022 prices. This amount excludes investments in the transport sector, which are very sizeable (around € billion), as well as “wider environmental investments” such as environmental protection and resource management € billion).
With the zero lower bound on short-term interest rates, this measure aims to pursue a decline in real interest rates by setting the longer-term interest rates, for which room remains for a further reduction, as the target for monetary policy.