Is it also a warning to the markets not to over interpret too quickly? They always over interpret. They’re going to look at my face and see, well, is she smiling? Is she “dovish”? Is she hawkish? I told them on day one: I said, “Don’t over interpret.
By contrast, other countries’ high ratios have remained all but unchanged. In other words, we have yet to find a solution to the fundamental problem of nonperforming loans being distributed unevenly, with some countries being much harder hit than others.