Future monetary policy decisions will be conditional on the inflation outlook.

Monetary policy decisions in the coming period will depend on the outlook of inflation.

Opinions on the inflation outlook diverge in the United States.

Future monetary policy decisions will be conditional on the improvements in the inflation outlook.

Thereby, it provides the public with clear guidance for inflation expectations.

The forecast for the unemployment rate or inflation rates remained practically the same as in June.

Some factors that are pushing up prices have appeared, strengthening inflationary expectations.

If the ECB is positive about the region’s economic and inflation outlook, the euro will rise.

Looking ahead, on the basis of current futures prices for energy, inflation rates are expected to remain at negative levels in the coming months and to pick up later in 2016.

Inflation rates are currently expected to remain at very low or negative levels in the coming months and to pick up only later in 2016.

However, the central bank’s speech was dovish – the inflation target was lowered and the current inflation outlook was negative.

Let me now turn to the current economic situation, starting with the outlook for inflation.

The outlook for inflation is in line with price stability and the risks to this outlook remain broadly balanced.

The European Central Bank decreased its forecast for economic growth and inflation, whereas the Swiss National Bank cut its inflation outlook.

The outlook for inflation remains in line with price stability and risks to this outlook remain broadly balanced.