Under such a policy, the response to inflation should, in my view, be more aggressive than it would otherwise be, for example, in the Taylor rule under certainty. This is an example of offsetting the attenuation in the response to the output gap with a more aggressive response to inflation realizations.
They can use these resources to expand their financial intermediation business. 6  What will be the impact of the interaction between banks and the new players? On the one hand, digital transformation and recourse to technologies such as AI and Big Data allow banks to cut costs and to improve the quality of the services provided.