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- While the euro area is doing well along some dimensions, inflation remains below target and there are downside risks to the growth outlook.
- Substantial accommodation is still required to bring inflation back to aim.
- If more easing is needed, we have the tools
- proactive measures including negative rates are the surest way to ensure inflation climbs to our aim
- does not see recession, although the prolongation of uncertainties is weighing on our growth outlook
- is a high hurdle for the crypto asset to satisfy the definition of a currency
