It entails that inflation has to move in line with our aim of below but close to 2 % in a sustainable way. This requires that three criteria, namely 3/5  BIS central bankers' speeches  convergence, confidence and resilience, have to be fulfilled.
At present, we are increasingly confident that inflation is on a rising path and converging to our objective in the medium term. But it lacks some resilience, though, as it still relies on our monetary policy support. Therefore our monetary policy package remains in place for now. This is fully consistent with our primary objective of realizing price stability.