*  *  *  Governor Iskrov, Ladies and gentlemen, It is a great pleasure for me to be here in Sofia today at the Bulgarian National Bank for the opening of the Euro Exhibition, which is dedicated to Europe’s single currency, the euro.
Those implications are key parameters in our forward guidance. Our forward guidance has several dimensions. There is a defined sequencing between the end of our net asset purchases and the lift-off date. A rate hike will not occur before our net asset purchases finish.