Finally, twice a year the Governing Council assesses in-depth the interrelation between monetary policy and financial stability, in line with our new monetary policy strategy. The December 2021 assessment concluded that an accommodative monetary policy has underpinned growth, which supports the balance sheets of companies and financial institutions, as well as preventing risks of market fragmentation.
And this would allow for easy transactions between deposit accounts. This is a great example of human innovation. Just as the entire financial system is indeed proof of our immense human creativity.