Use of sophisticated data collection technology and analytics can be of tremendous use to the banks. Analytics has the power to transform technology from a supporting tool into a strategic weapon. The ability to instantly explore, augment and analyse all data in near-real time could deliver the competitive edge any bank would need.
So I am pleased to talk to you today about how I see current issues related to monetary policy – and to hear your views in return. The ECB’s policy response to the coronavirus (COVID-19) crisis In pursuing our price stability mandate, our policy response to the crisis had three goals.