*ECB'S DE COS: ALLOWING NATIONAL FISCAL AUTHORITIES MORE LEEWAY TO PURSUE GROWTH-ENHANCING FISCAL POLICIES MIGHT BE APPROPRIATE IN THE CURRENT CIRCUMSTANCES.
*ECB'S DE COS: INCLUDING TRANSIENT AND MILD INFLATION OVERSHOOTS IN MONETARY POLICY STRATEGY IS EXPECTED TO HAVE ONLY A MINOR IMPACT ON INFLATION EXPECTATIONS.
*ECB'S DE COS: IF THE RISE IN INTEREST RATES IS NOT FOLLOWED BY A RETURN TO MEDIUM-TERM INFLATION, PEPP TRANSACTIONS CAN BE BALANCED.
*ECB'S DE COS: IN TERMS OF THE CURRENT ECB'S INFLATION GOAL IN ITS FORTHCOMING PLAN, A POINT PLAN OF EXACTLY 2% WILL BE A REASONABLE OPTION.
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