The central bank was also fully dependent on the government. We had virtually no independence. Now it’s almost the opposite. We have complete autonomy. We’ve moved from being a very interventionist central bank, in terms of the way we conducted monetary policy, to a market-orientated monetary policy with a fully fledged flexible exchange rate regime.
And a very important component of this is having a precise communications strategy. Since you’ve taken over what has changed? Going back to communications, we’ve tried to be clearer in expressing the motivations for our policy decisions. We’ve tended to keep rates on hold this year, but still we’ve tried to be more precise in saying why that’s been the case.