Euro-area growth will pick up at a faster pace. Inflation risks have increased since the last forecast. |
Historically rates are at very low levels, and have significantly diverged from their normal level. |
If inflation risks increase and if the council reaches the conclusion interest rates have to rise, then they will increase. |
Inflation risks have risen and the pace of interest rate increases will depend on developments as regards growth and inflation risks. |
Medium- and long-term development prospects will depend on the securing of macroeconomic stability and the improvement in the Greek economy's structural competitiveness. |
My feeling is that euro-area growth will pick up at a faster pace. |
Risks that could strengthen inflationary pressures have increased after the interest-rate increase in December. |
The overall picture is that the recovery is broadening and deepening. My feeling is that euro-area growth will pick up at a faster pace than generally expected. |