It would therefore be a very serious mistake to aim for a higher level of inflation in the future. Consequently, as I have stressed on a number of occasions, I strongly oppose this idea. Pandora’s box must remain shut. The weakening of our price stability objective is out of the question. Price stability benefits us all.
It safeguards purchasing power and the value of savings, and it prevents the arbitrary redistribution of wealth. Only in the presence of price stability does the price mechanism function in an efficient and transparent manner. It is the main instrument for the steering of our market economy.