Market participants first had to collect some experience on the Eurosystem monetary policy conduct. Since the introduction of the Euro in 1999, the average HICP inflation rate according to Eurostat was 1,97 percent, since 2000 the average lies around 2,1 percent. This is very close to the price stability set.
[17] While the ECB can mitigate potential negative effects, solutions to the underlying structural causes go beyond the remit of monetary policy.