Our words are carefully listened and read by economic agents and market participants, who try to get a better understanding of economic developments and possibly anticipate policy decisions. In these circumstances the safest thing would be to keep quiet, thus avoiding creating misunderstandings, with potential market impact.
On the other hand, it is our responsibility to intervene in the policy discussions that are taking place in the current conjuncture, especially if these discussions take the wrong track. The issue that I would like to address today has been raised in several quarters over the last few weeks.