Not all of my speeches, but a large number of them, are partially or even primarily about matters of monetary policy. Speeches have become a vital means of communication for monetary policy decision-makers. The six members of the ECB Executive Board alone have given 150 public speeches over the past year. And speeches are just one means of communication.
But is going beyond investment grade a goal we should pursue? Clearly, going beyond investment grade of itself would truly matter if it translates to real investments. For our ultimate stakeholder, investment-led economic transformation is necessary not just for sustainable growth, but also to develop a competitive middle-class group that further boosts our domestic demand.