• There was no political influence in ECB decision (oh pleeeez, and the moon’s made of cream cheese), would have rejected this if there had been
• Will have higher inflation this year but still price stability
• For foreseeable future see no inflation risk
• Will resist pressure to allow higher inflation
• Can see rising inflation in some regions of the world
• Central banks worldwide are likely to come under increasing political pressure (Ya think? But you’re all independent ofcourse)