At both domestic and international levels, we are committed to sharing our expertise with the broader policymaking community, while being influential in the collaborative policy development activities that underpin the shaping of policy decisions in the Eurosystem and the European System of Financial Supervision.
If this plays out, with a slowdown in wage increases that should occur because of tighter monetary policy, this should help continue to moderate food inflation over the next few years. Finally, let’s turn to energy inflation.