The economy and society are at a turning point, in a whole host of ways – this calls for stability and trust. The economy looks set to undergo momentous structural change, triggered by climate change and other global trends, such as digitalisation.
Digitalisation will increase the pace of structural change in the financial sector, too – developments in the world of payments being just one notable example. Central banks need to deal with increased debt levels worldwide and, at present, with heightened inflationary rate. And they must play a role in the transition to a climate-neutral economy.