It is a part of the economic research and policy analysis work-stream of the Bank of Finland, which aims at contributing, for our part, to the making of monetary policy in the Eurosystem. With this event we want to deepen our interaction with and learning from the academic community.
Thus, it is indeed both a pleasure and an honour to have you here today and discuss how monetary policy should evolve, in order to continue contributing to a strong, sustainable economic progress in Europe. So, welcome once again. In my opening remarks today, I will discuss monetary policy and its challenges in the current world of major uncertainties, focusing on the euro area.