Of equal importance are market-led initiatives like the work that is currently being done by the Taskforce on nature-related disclosures (TNFD) These two steps represent what we excel at: collecting and interpreting data. But we have to make sure that our quest for better data does not result in delays.
Those challenges have not changed our mandate. But they have altered the way in which we deliver it. To understand how we have responded to those challenges, it is useful to distinguish between two types. First, there are challenges that are common to all central banks in advanced economies, which are linked to a global low inflation environment.