Markets respond to various factors, and thus they are subject to overshooting in the short term. For example, some point out that the recent volatile movement of long-term interest rates was partly due to the speculation over the Bank's monetary policy.
On 4 October 2016 the Governing Council also approved principles increasing transparency in developing ECB regulations on European statistics. These principles take into account the transparency practices of the European Parliament, the Council of the European Union and the European Commission. In my remarks today, I will retrace the economic developments since our last plenary exchange in February.