And with our decision in December, we provided evidence that there is scope within this mandate to reduce the pace of our bond purchases. Governments and market participants must understand that we do not issue guarantees to them to secure their budgets or their profit and loss accounts.
If the economic situation continues to improve, which we all wish, they must be prepared for increasing interest rates, albeit the increase is likely to be very gradual. How concerned are you about the strength of the US dollar? Does it pose a risk for the global economy and the global financial system?