end ofnnounced at the our last monetary policy meeting in january, the governing council will reviewossibly reconsider the monetary policy stance in early march. the focus of our deliberations will be twofold. first, we will examine the strength of the low important light -- inflation and to inflation expectations. size and depend on the persistence of the commodity prices. and the incidence of second-round effects of domestic second, in thes light of the recent financial turmoil, we will analyze the state of transmission of our monetary policy impulses by the financial system and in particular by the banks. factorsr of these two contained downward proves -- price stability, we will not hesitate to act., the policy should put the euro area on firmer grounds. it is becoming clearer and clearer that fiscal policies should support the economic recovery through public investment, and lower taxation. addition, the ongoing cyclical recovery should be supported by effective structural policies. particular, actions to improve the business environment including the provision of an structure a