·  When we asked ourselves what were our objectives regarding inflation, we answered, following the Economic Stabilization Program of 1985: “we will make every effort to lower it.”  ·  Towards the end of 1991 we set out on the path of annual inflation targets without knowing where it led or what obligations it entailed.
·  Every year we came back to the questions of what was the appropriate target for the following year, when should it be decided upon, and whether we could allow ourselves to look further ahead than the next year.