- We are taking decisions meeting by meeting
- The economy has been resilient
- There are still many risks in the pipeline
- We stand ready to act to any shock
This is what ECB policymakers have been repeating over and over again for several months. There's nothing new here. The ECB is comfortably on the sidelines and won't respond to small or short-term deviations from their 2% target in absence of clear shocks.
