In the short run, the rate of increase in prices of food products and goods related to daily necessities in particular is expected to accelerate gradually with a moderate increase in private consumption, and moves to pass on the increase in labor costs to prices of general services, including dining-out and housework-related services, are likely to prevail.
We are confident that inflation will gradually come back to 2%, mainly because the euro area economy will come out of recession. But of course we have to monitor the situation very carefully. I do not want to rule out further steps. Interest rates are already close to zero. What could you do? There are a number of things we could do.