ecb speech, 2006-12-01
This is illustrated in Chart 13, which shows that inflation expectations, as measured by the consensus inflation forecast as well as by the five-year forward breakeven inflation rate, adjusted to take into account the inflation-risk and liquidity premia, have remained firmly anchored or have rapidly converged to price stability, even during the two-year period when the policy rate of the ECB remained unchanged.
Sentiment: neutral
Topic: mp_interest_rate