More important than the development of the Harmonized Index of Consumer Prices (HICP) is the core rate of consumer prices, he said in an interview with the "Frankfurter Allgemeine Sonntagszeitung". "The increase there has not been as high, but the decline has also been more restrained so far." According to Wieland, the ECB's current policy is not very restrictive, as real interest rates on the financial markets are not high.
Frankfurter Allgemeine Sonntagszeitung: "Die gefährliche Hoffnung der EZB"