Working towards collaboration, innovation, and development In closing, let me say again the great importance of information sharing, policy coordination, and knowledge exchange not just to improve the effectiveness of policies but also to improve the way we do central banking. We must also embrace innovation and harness the power of technology.
Central banks must adapt and enhance their analytical capabilities, employing digital tools and methodologies to better understand the intricacies of the modern economy. Embracing digitalization can lead to improved policy formulation, more accurate forecasting, and effective risk management. Finally, we must not lose sight of the broader social and environmental responsibilities that accompany our role.