By the time of the October 2020 statement, Governor’s statements started contemplating the road to recovery, looking back at the hitherto untravelled road and calling upon the courage of hope to strive and revive. Attention turned to qualitative aspects like deepening financial markets, digital payments security, financial inclusion, consumer protection and innovations in payment and settlement.
I think we should be cautious to the right extent; a symmetrical approach, in line with the conclusions of the ECB's review of its monetary policy strategy, seems to me to be the best given the circumstances.