In this context, by the way, a lot of preparatory work, mainly in applications for accounting and payment systems, will automatically be included with respect to Y2K. With regard to the context of national payment and settlement systems, however, the Bundesbank acts as a key service provider but also as a central co-ordinator for cashless payments.
This outlook is slightly stronger than our previous projection for 2023, but slightly weaker for 2024. What does all of that mean for inflation? I know many Canadians are still struggling to manage the rising cost of living, and at more than 5%, inflation is still too high.