We analyse absolutely all parameters and all influences with this idea that we have one needle and that we have to deliver price stability in the medium term. And again that is very important, and as you see I take all occasions to utilise this message, which is very well known. We have this mandate of price stability that is clear.
We trust that by delivering price stability in the medium term and by being credible in the delivery of price stability in the medium term we anchor inflationary expectations. By doing so, we are delivering a necessary condition for sustainable growth and job creation and also in a period of turbulences for markets to be as stable as possible.