This is the way the issue is  1  2  3  Blinder, Alan S. (2004) “The quiet revolution: Central Banking goes modern”, Yale University Press. Duisenberg, Wim (2000) “From the EMI to the ECB” Speech delivered at the Banque de France's Bicentennial Symposium, Paris, 30 May 2000.
Given the ongoing dynamism of monetary and credit growth in an environment of already ample liquidity, a cross-check of the outcome of the economic analysis with that of the monetary analysis supports the assessment that upside risks to price stability prevail over the medium term. It is essential that inflation expectations remain firmly anchored at levels consistent with price stability.