In this respect, let me focus on three aspects that are key for the credible conduct of monetary policy: price stability, central bank independence and the prohibition of monetary financing. First, price stability, which is our primary objective. The latest measures address a malfunctioning of certain market segments.
Without such measures, the market problems could have created risks to the favourable outlook for price stability. However, we have not gone beyond the goal of re-establishing a more correct transmission of our monetary policy.