To conclude, against a backdrop of high uncertainty, where the economy is still in transition and trying to overcome decades of marked decline, the Central Bank must provide and guarantee two public goods: monetary and financial stability.
To that end, our prudent and flexible strategy, together with the theoretical consistency shown in this presentation, has  6  BIS Review 142/2007  proved to be the best approach at this stage. Its effectiveness was proved in the last months, when we quickly responded to preserve monetary and financial stability in the face of a new international scenario.