Central banks in recent weeks, that improving management decisions decisions that were taken after detail. Discussions at the board of directors or. The monetary policy committee ultimately did not fully. Align with what the markets expect. Even taking into account additional communication. Let me emphasize again that we would like the markets to interpret the data exactly as we interpret them, but in conditions where there is a lot of space for this interpretation, it is hardly possible to guarantee this. The first task is to make decisions that are bas on our interpretation, and then we communicate and try to explain why this interpretation is exactly this way and not another.
In what cases do you see the ne
to adjust market expectations: when they deviate significantly or when some other factor is taken into account?
If there is an understanding that the market
opinion falls significantly outside the range. Of decisions that the board of directors will most likely consider, then it really makes sense to make some adjustments. When the range is wide, as we discuss, and in December there will also be a wide range of alternatives, then whatsapp business api: what is it and how does it help businesses an attempt to adjust can cause more harm than good. Since markets, analysts, and the mia tend to interpret central bank messages too literally, again not only here but all over the world, this can further complicate the explanation agb directory of the decision if it ultimately does not fit with the interpretation that will be provok by additional communication.