They act in a personal capacity in the interest of the euro area, rather than as representatives of their countries of origin. There is an argument that, in this context, attributing positions could actually be helpful, as it would act as an antidote against Governing Council members being overly influenced by national considerations.
So you may ask: why was that necessary? Well, when we made the decision last December to end net purchases under our APP, the 2021 inflation forecast from the perspective of December 2018 was at 1.8%, so close to 2%. But what’s happened this year?