The oven does not have a thermostat but instead it has a sensor which works in conjunction with the electronic unit. I don't think the sensor will be at fault but more so the electronic unit is designed to have a default start temperature of 160'c when first turned on, as this is the most likely temp you would use, if you increase the temp it should stay altered but it seems your electronic unit keeps reverting to the default start setting of 160'c. i would think the electronic unit is faulty.
Kenjo
December 2014