The pandemic has led to the worst recession in recent history, and the scars that it will leave on the global economy are likely to prolong the low interest rate environment. Monetary policy is playing a key role in supporting the recovery and its contribution will remain fundamental in the coming years. The discussion on strategies, targets and tools remains open.
In this regard, digitalisation may very well be part of the solution. The careful use of information technology can, for example, open up new business areas and boost profitability in the medium term. From easy-to-use, everyday IT applications to “big data” analyses, a large number of potential sources of income are being explored at the moment.