With longer-term inflation expectations well anchored, the underlying strength of the euro area economy and the continuing ample degree of monetary accommodation provide grounds to be confident that the sustained convergence of inflation towards our aim will continue in the period ahead, and will be maintained even after a gradual winding-down of our net asset purchases.
3  R Levine (2005): “Finance and Growth: Theory and Evidence”, in P Aghion and S N Durlauf (eds), Handbook of Economic Growth Vol. 1 Part A, Chapter 12, pp 865–934. 4  S G Cecchetti, M Mohanty and F Zampolli (2011). “The real Effects of Debt.” BIS Working Papers No 352. BIS central bankers’ speeches  1  the debt-GDP ratio to rise?