Overall, sound economic policies designed to avoid the appearance of economic imbalances and structural reforms will allow the euro area to better exploit its growth potential, thereby also contributing to growth and economic stability worldwide. Conclusion To conclude, let me recall what I said at the beginning of my address.
While I am not satisfied with HICP inflation of above 2% as we have at present, price stability will be maintained over the medium term. What I regard as most important is the fact that medium-term inflation expectations are still in line with price stability and, in my view, rightly so.