24  In the event, the inflation rate was negative for only four months at the turn of the year, and for most of this year, including currently, the 12-month inflation rate has been above the 3 percent upper bound of the target inflation range.
Last but not least, we have lowered the share of non-performing loans, which was particularly high, below the pre-crisis levels. Their stock has been more than halved in the previous two years. A good year is behind us, and we expect positive trends to continue into this year as well.