It has served us well to protect our money market from outside shocks and it remains consistent with the monetary policy framework of the ECB, meaning that it is fully consistent with both the economic pillar and the monetary pillar of the ECB. So, if we can find ways to strengthen it, why not. But I would not argue for introducing thresholds.
I don’t think that would work in our case. What other ways are possible to strengthen it? One of the stated objectives of the forward guidance is to stabilise our money market and it has been, in my view, pretty successful so far. We have a number of instruments that are available to stabilise the money market, for instance fixed rate full allotment.