My talk will somewhat deviate from the main topic of regulation that you are debating today. Instead, I will focus on the ECB’s monetary policy and its impact on the banking sector and the macroeconomy. A recovery with low inflation I am well aware that the last years have been challenging for the banking sector.
I know that this has been a very difficult period for young people and for parents, many of whom were forced to choose between work and caring for their children. I am hopeful that these difficult choices are behind us, and that the end of the pandemic will allow us to focus intently on what young people need most to succeed.