A precision landing. More generally, the degree of price stability has been greater, over the past 12 years, in the euro area as a whole than in the individual euro area countries over the previous 50 years. This is no small achievement.
Hence, when taking all information and analysis into account, there is a further alleviation of upside risks to price stability at the  2  BIS Review 133/2008  policy-relevant medium-term horizon, even though they have not disappeared completely. At this juncture, it is therefore crucial that all parties, including public authorities, price-setters and social partners, fully live up to their responsibilities.