In such times of extreme uncertainty, central banks need to be a source of confidence and a reliable anchor for the economy. Therefore, we are monitoring the situation closely. My remarks today reflect the macroeconomic situation predating the war.
Regrettably, we need to be prepared for a protracted confrontation, and it is essential that we maintain Western unity in our continued support of Ukraine. Russia's war has also destroyed the long-established European security order and badly damaged the economic landscape of our continent.