- Inflation actions remain firmly anchored
- Experiencing prolonged period of low inflation
- Firmly determined to take further decisive action if required
- Output expected to recover at slow pace
- Unemployment remains high
- Balance sheet adjustments will weigh on activity
- Downside risks to economic outlook
- Emerging market turmoil may clud EU recovery
- Inflation seen around current levels in coming months
- Lending activity remains weak
- Sees some signs of better credit conditions
- Upside and downside risks to inflation remain limited
- Essential to strengthen banks resilience
- Governments need to continue product and labour market reforms
Onto the Q&A
