To sum up, a cross-check of the outcome of the economic analysis with the signals coming from the monetary analysis confirmed the need to preserve an appropriate degree of monetary accommodation in order to secure a return of inflation rates towards levels that are below, but close to, 2% without undue delay.
By no means do we intend to supplant accounting authorities in making rules, but we do intend to provide discipline, when necessary, in their interpretations--particularly in the context of regulatory reporting and in light of the weaknesses in quality-assurance processes in public accounting firms.