In addition, the Danish parliament has adopted adjustments to a number of laws regarding the tax treatment of negative interest. Slide 29: Thank you! So let me conclude. Since the outbreak of the financial crisis a number of large central banks have resorted to unconventional monetary policies. This has substantially impacted the economic and financial conditions of Denmark and other small open economies.
Mainly due to the global uncertainties -- especially the slowdown in China and the moderation in world trade -- growth projections were revised downwards from June. Increase in inflation is also slower than expected. We monitor all relevant information. And we are ready to act, if warranted.