Such anchoring is a prerequisite for monetary policy to make its contribution towards supporting economic growth and job creation in the euro area. A very thorough analysis of all incoming data and developments over the period ahead is warranted.
In this environment, positive effects stemming from the increased corporate profits have gradually spread to household income, feeding back to the corporate sector via the increase in private consumption: in other words, there is a positive interaction between the corporate and household sectors. Industrial production is on the increase with the completion of adjustment in IT-related sectors.