According to the most recent available data, the annual rate of inflation of 0.8%, measured on this harmonised basis, is consistent with this definition of price stability. The Treaty states that the ESCB shall support the general economic policies in the European Community only if it can do so without prejudice to the objective of price stability. The logic of the Treaty seems clear.
While discussing the importance of education, I must state that schools have become the most important means of transforming wealth of knowledge and skills from one generation to another. However, the role of institutions becomes more challenging in the modern world  BIS central bankers’ speeches  1  with innovations and technological developments.