We would not have to articulate a precise mathematical rule but would provide the key variables and then communicate policy decisions in terms of changes in these key variables. If policy were changed, then we would explain that change  3  4  See Orphanides and Williams (2002).
We made good progress during the retreat, and we will make the outcome of the strategy review public after taking formal decisions. Let me reassure you that this Parliament will continue to play a privileged role in the follow-up phase.