I wish to thank Mr. Robert, who, unfortunately, is not here today because of illness and thank you Mr. Nicholl for everything you have done for our institution. Thank you all for making our anniversary even more important with your presence, and I wish the guests from other countries to have a nice time in Sarajevo and Bosnia and Herzegovina.
A concern with regard to the outlook for price stability in the coming years has been the possible emergence of second-round effects, via wages, of past increases in consumer price inflation. The information available shows that wage moderation prevailed in the first quarter of 2001.