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Q: What is the threshold/level that are concerned about for rising rates. Will the strategic review come first and then you will come up with a timeline for the exit to the PEPP?
A: Any discussion on the exit from PEPP would be premature at this point. Concerning tightening, we have taken decisions to preserve favourable financing conditions and resisting any downward pressure on inflation. I cannot isolate one component. Financing conditions comprise a range of indicators.