The credibility of our commitment is clear. Indicators of inflation expectations show that citizens and financial markets expect inflation to remain low in line with our mandate. We take very seriously the trust that citizens put in us to meet their expectations. We will not let them down.
The economy is recovering rapidly after the war in the north, even faster than we thought at first. National Accounts data indicate a 1.4 percent decline (in annual terms) in GDP in the third quarter.