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