1 The uncertainty surrounding this outlook is particularly high at the current juncture and, generally, downside risks from the financial market tensions prevail. However, today I would like to look beyond recent developments in economic activity and discuss growth prospects over the medium and long term.
Answers that banks need for themselves, but also that society expects. In recent years, consumers have felt that banks served only themselves at the expense of society at large. Perhaps purpose can help to restore trust, by bridging the needs of a bank with the needs of society. De Nederlandsche Bank believes in the value of having a purpose and we cherish ours.