We have ensured price stability by taking the necessary decisions. Zeit: Even if you continue to do so, this will not solve the problem of increasing commodity prices. Trichet: First, we, as central bankers, are responsible for avoiding second-round effects. But the international community is not powerless when faced with such global phenomena.
Financial stability is not an end in itself but is generally regarded as an important precondition for sustainable economic growth, serving the constitutional mandate of the SARB. Financial stability is not about preventing shocks or crises, but more about identifying and mitigating the build-up of risks and vulnerabilities in the financial sector.