This strategy is designed to avoid giving the impression that monetary policy responds “mechanistically” to deviations from a single target or changes to a specific variable.
Even  warning  (  though  the  macroeconomic environment has deteriorated, this condition is not met at the current juncture. Current  developments  are  monitored  carefully,  and  BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) can adjust buffers at short notice if required.