Moreover, we expect to raise the key ECB interest rates again in September. The magnitude of this rate hike will depend on the updated medium-term inflation outlook. If inflation prospects persist or deteriorate further, a higher increase will be appropriate. Currently, in my view, central banks must not respond with too little, too late.
In my brief remarks, I would like to mention a few aspects of economic mobility that I think are particularly important and worthy of further research, with the hope of stimulating the conversation that will take place here over the next couple of days.