In my opinion, while remaining neutral on the market players’ single choices, we should encourage the banking system in taking advantage of the opportunities of Fintech and promoting digitalization.
At the ECB we have made it clear that, as in the past, any decision – even one concerning the exit – will be linked to the underlying economic conditions and in particular to the re-emergence of inflationary pressures. Market participants should thus form their expectations on future interest rates on the basis of projected economic developments rather than on specific unconditional commitments.