Government assistance to selected ﬁrms may distort markets and hamper competition in its own right. [9] On the other hand, startups, in particular, are a key driver of innovation and essential for keeping markets contestable, but may currently need funding as a matter of necessity. Thus, support for small enterprises might well foster competition.
Much of the decline so far has been driven by the moderation in energy prices, and there is evidence that the path back to our low and stable inflation goal could be long and is likely to be uneven and bumpy.