00:04Uncertainty remains high and the full inflationary impact of the energy shock has yet to play
00:10out. We are therefore closely monitoring the intensity and duration of the shock as well
00:17as its indirect and second round effects. We are committed to setting monetary policy
00:25to ensure that inflation stabilizes at our 2% target in the medium term. With today's decision,
00:33we remain well positioned to navigate the uncertainty caused by the conflict. There is
00:39rising uncertainty and it applies across the board, but still the situation can reverse so fast that
00:51it's difficult to, you know, either affirm or challenge the material, the possible materialization
01:00of this mild scenario. As we stand now, today, it looks quite unlikely. Let's face it.
01:08Thank you.
01:10Thank you.
01:10Thank you.
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