In the "Atto secondo, Scena IV" of Verdi`s opera, La Forza del Destino, there is a famous choir which keeps singing "partiam, partiam, partiamo" (let's leave, let's leave, let's leave) while remaining stubbornly on the scene, without making deeds follow words.
I cannot help recalling this scene while observing the communication from the ECB.
It is a few months, since November of last year when it last reduced rates, that the ECB is sending the message that it is ready to reinforce its action to symmetrically pursue its objective of "close but lower than 2.0% percent in the medium term", while not actually following up with action.
