Today, Thomas has provided us with a valuable insight into Switzerland, and I hope that he can take something home from this visit to Japan. Let me now conclude by thanking him once again for his superb presentation. Thank you, Thomas.
Recent forecasts of international organisations for inflation in the euro area over the next one to two years generally point to a range of around 1.0-1.2% this year and 1.4% in 2000. Hence, all available evidence points to the conclusion that both in the short and medium term, price developments should be compatible with the Eurosystem’s definition of price stability, i.e.