2/3  BIS central bankers' speeches  At the Bundesbank, we recently conducted a survey among individuals in Germany that aims to give further insights into this user perspective. According to the survey, at this early stage, 77% of all respondents had not heard or read about a digital euro before.
In order to make monetary policy effective, a balance is required between the need to be ahead of the curve in view of the lags in the effect of monetary policy, and the need to respond immediately to real developments rather than the “noise” in the data. So after all the warnings about forecasting, the time has come to present the forecast.