Employment growth trends are also not supportive in this respect, and although wage growth remains relatively high, the positive net impact on consumption could be offset to some extent by the negative impact on employment from relatively high wage growth. 2  BIS central bankers’ speeches  Inflation is currently well within the inflation target band of 3–6 per cent.
Only through a collaborative approach can we harness the full potential of CBDCs, mitigate potential risks and ensure their compatibility with existing financial systems. 3.4 A solid legal framework A solid legal framework will also be vital. The European Commission two days ago presented a long-awaited legislative proposal. One aspect is that a digital euro would also be given the status of legal tender.