UBS' Weber Sees ECB Announcing Taper in September

The transcript discusses the European Central Bank's (ECB) current economic stance and the pressure on Mario Draghi to adjust monetary policies. It highlights the need to scale back extreme monetary measures enacted during the financial crisis, as inflation nears target levels. The expectation is that the ECB will begin tapering its purchase program by mid-2018, following the Federal Reserve's lead but with some delay. The ECB is on a path to normalization, but remains data-driven, ready to adjust if economic conditions change.

What does the speaker suggest about the sustainability of rising inflation?

What factors might cause the ECB to change its course of action?