If a significant downside risk were to emerge and it changed the balance of risk that we talked about before.... Our balance of risk right now is that we think interest rates at 1% are in about the right place, taking into account the fact that imbalances in households are high and fragile, at the same time that inflation is below target and could fall further below target if there were downside risk.
If there were a significant downside risk that altered this picture, then you would have to talk about the possibility of having a lower interest rate in that situation, but you would then have a whole new set of risks to try to balance in deciding what the appropriate risk minimization strategy is for the central bank.