Even if global oil prices do not increase any further and stabilise at high levels, we currently expect inflation to be above our 2% target well into 2023, before settling around target in 2024.
For example, Danmarks Nationalbank has expanded the collateral basis to include banks’ lending of good quality. This has also improved the liquidity of the banks’ balance sheets. *** The theme of this conference, “Central Banking at a Crossroads – Europe and beyond”, is highly topical and those present here today include many outstanding scholars within this field.