The G20 discussions in two weeks in Sydney will be an important milestone because then we’ll know more, in particular from our emerging-market colleagues what the situation is in their jurisdictions.
It’s too early to tell whether what we are seeing in global financial markets today can lead to disruptions that can prompt a change in either our growth scenario or our inflation scenario, or whether this is a shift in global demand that would have to take place anyway and that can be managed in a smooth way by the international community.