As a caveat, the projection exercise was finalised before the recent market turmoil. But the latest World Economic Outlook, released just this week, forecasts the same inflation figures for 2023 and 2024. Nevertheless, I believe that risks to price stability are currently tilted to the upside.
Banking union represents a further, important step in breaking the link between the conditions of sovereign states and those of banks and in consolidating the financial stability of the area. Banking union will mean a single mechanism for banking supervision and a European blueprint for the resolution of banking crises, in addition to a common deposit insurance scheme.