This is particularly important because the risks to the inflation outlook are primarily on the upside. In the downside scenario with a more severe energy crisis, headline inflation is projected to be even higher, reaching 6.9% next year and 2.7% in 2024. The ECB’s recent monetary policy decisions This outlook for growth and inflation leaves monetary policymakers with no easy choices.
4  By focusing efforts and resources on the digitization of core business processes, financial institutions enhance their ability to respond to the  inherent  dynamism  associated  with  technology, and to the competitive pressures that increasingly manifest in the banking sector, both today and tomorrow.