6 Current environment in the fight against inflation Ladies and gentlemen, The main issue right now is the fight against inflation. Historically high inflation rates are posing a stiff challenge for monetary policy. We central banks must not leave any doubt that we take this test very seriously, and that we shall prevail.
Depending on the nature of the fintech activity, those responses may need to encompass prudential, consumer protection and other regulation – but, at the same time, they should not hamper healthy developments. Conclusions Allow me to conclude. The euro area economic outlook is improving and downside risks are moderating.