The first key feature of Title II, simply put, is speed. It is vital that a resolving authority be able to move very quickly from non-resolution to resolution status, while maintaining continuity of operations.
But we need a series of month-on-month [figures] of 0.3 percent [for year-on-year inflation] to be able to go back to the 2.0 to 4.0 percent inflation target by the late part of the third quarter or the early part of the fourth quarter [of 2023] and for the rest of 2024.