However, the Eurosystem is currently assessing and reflecting what its potential impact on the financial market infrastructure could be and what possibilities it could present in terms of new services. The Eurosystem is also currently looking into ways in which the three cornerstones of the financial market infrastructure – money, collateral and securities – could be brought closer together to improve efficiency.
We will see more such examples as other sectors adjust to the altered balance of supply and demand due to the pandemic. In setting monetary policy, the Reserve Bank Board will look through these transitory fluctuations in inflation.