SpeechHouseholds’ inflation expectations matter
Households’ expectations of how prices will evolve have been more stable than those of financial market participants, says Executive Board member Benoît Cœuré. They are also better predictors of future inflation.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|