As you know, a new series of banknotes is currently being introduced. The € banknote was issued recently and will be followed by the € and € banknotes soon. And you’re withdrawing the € banknote from circulation? Exactly. We’re no longer printing the € banknote because it has become too popular for money laundering purposes and other unsavoury uses. So we’re stopping it.
Food price pressures, which have intensified in recent months pose a significant upside risk to inflation. BIS central bankers’ speeches  3  Inflation is now expected to average 6,6 percent and 6,4 percent in 2016 and 2017, compared to the 6,8 percent and 7,0 percent forecasted at the beginning of the year.