How to achieve the price stability target  Based on such understanding, the Bank has set the price stability target of 2 percent, and in order to achieve that target, it has embarked on a new phase of monetary policy – namely, the QQE. Put differently, the QQE is a bold means through which to achieve the price stability target of 2 percent.
Following the 0.4% quarter-on-quarter increase in real GDP in the third quarter of 2009, the latest information confirms that towards the end of last year economic activity in the euro area continued to expand.