It is also Odyssean as it clarifies the ECB’s commitment to the medium-term objective (i.e., below but close to 2 percent) and its determination to apply policy measures if necessary to meet the objective.
More generally, since decisions on a country’s anchor currency are typically determined by structural factors which change only slowly over time – for example the direction of trade flows or invoicing practices – changes to the currency composition of reserves are also more likely to occur in a gradual way.