As I mentioned today, we anticipate that it will be necessary to raise interest rates further. We have to make a decision eight times during the year. On each of these occasions, we consider what we should do to bring inflation back towards our target. If the upside risks are greater, we may have to move more quickly with tighter measures. In these circumstances, we will raise interest rates more quickly. However, it is possible that after a few interest rate hikes, the effect of our monetary policy will be stronger than expected, so we might decide to take a little break from that. Time will tell. We will make these decisions in stages.
On March 3rd, 2022. See this statement in context.