What we see now is the result of many years' development of the Danish model. This is a never-ending process. Good reforms require careful preparation and considerable time. Ideas need to mature to ensure support for the reforms. The process is important to achieving a good result. The fixed-exchange-rate policy means that the level of Danish interest rates is generally determined abroad.
To sum up, a cross-check of the outcome of the economic analysis with the signals coming from the monetary analysis confirmed that an ample degree of monetary accommodation is still necessary for the continued robust convergence of inflation to levels that are below, but close to, 2% over the medium term.