7 The success of some fintech companies – think for example of the multinational TransferWise 8 – is driving many banks to deepen their commitment to the new technologies. Numerous large banks are expanding their range of digital services by increasing their investment in them and by entering into agreements with fintech companies.
The courses of action  Let me put forward three essentials in response to these challenges. One, we will remain focused on achieving our inflation target. Our monetary policy will continue to be responsive and forward-looking. Our inflation targeting approach has proven to be effective as a monetary anchor and provides us with an array of policy tools against turbulent economic and financial conditions.