10  R E S E R V E B A N K O F AU S T R A L I A  Graph 12  Labour Market Outcomes*  %  Unemployment rate  Forecasts  %  7  7  6  6  5  5  2015–2019 average  4  4  %  %  Trimmed mean inflation**  6  6  4  4  2  2  0  2015  2017  2019  2021  2023  2025  *  Forecasts are as at the May 2023 Statement on Monetary Policy.
The ECB is conducting a comprehensive analysis of bank balance sheets before assuming the supervisory responsibility and we have made it clear on many occasions that we need to have a European recovery and resolution regime in place by the time the SSM assumes its responsibilities.