4 Conclusion Ladies and gentlemen, "Bolstering confidence" calls for "high quality developments" in financial markets. Without a doubt, a CBDC is just one of many steps towards making that a reality. But whatever digital developments play out, what matters is that financial markets continue to play their supportive role for the economy and society at large in the digital era.
As a central bank, we are facing up to this challenge as a way of preserving long-term confidence in the single currency in Europe in an evolving financial world. Thank you for your attention. 1 ECB staff macroeconomic projections, published in early March 2023.