And as President Draghi has said, the ECB´s inflation target is symmetrical: our inflation goal does not imply a ceiling at 2%, since inflation can deviate from our target in both directions. The measures taken by the Governing Council reflect the Council´s position that it is equally important to act effectively on inflation levels that are above or below the price stability objective.
Our public finances have been reordered to the extent that we are on target to achieve a primary surplus of 3.3% of GDP for FY 2018/19. Tax refund payments have resumed and the central government is now making payments on a timely basis.