- We should continue to reduce gradually and as appropriate the degree of monetary restriction.
- ECB must be attentive to risk of undershooting target.
- Market inflation expectations well below the ECB forecasts.
- The latest activity data have been somewhat disappointing.
- Pace of easing has to be highly pragmatic, we keep our full optionality for the next meetings.
- The ECB must be attentive to symmetric risks around the 2% goal.
ECB's Villeroy
