Secondly, increased price transparency within the euro area, together with the ECB’s firm management of monetary policy, have lead to a stable environment including low inflation (only 2.3% in 2001 and 2002 subsequently), supporting private consumption.
Secondly, increased price transparency within the euro area, together with the ECB's firm management of monetary policy, have lead to a stable environment including low inflation (only 2,3% in 2001 and 2002 subsequently), supporting private consumption.