However, in January 2014, further pressures from the exchange rate and food prices saw a significant upward revision of the inflation forecast: inflation was expected to breach the upper end of the band for an extended period of about four quarters from the second quarter of 2014 and to peak at around 6,6 per cent in the fourth quarter of 2014.
From a legal perspective, this ensures continuity and equal treatment, from an economic perspective, the logic of lasting convergence has not changed and is all the more important when countries are at different stages of economic development.