In short, stability-oriented monetary policy is easier if other actors help to create favourable conditions for it. A third example would be competition policy. This helps to limit enterprises' pricing power. Ladies and gentlemen, this brings me to the end of my speech. A broadly anchored approach to stability in politics, the economy and society is highly desirable.
Inflation must not become entrenched – neither in the data nor in people's minds. It is worth engaging in work to inform and gain the trust of the public. However, I am a realist: even with the best communication, not everyone will be completely won over by monetary policy.