In the view of the Governing Council, risks to the outlook for economic growth are broadly balanced over the shorter term, although the recent fall in oil prices – if it were to prove lasting – has the potential to lead to somewhat stronger demand and output growth than embodied in the Governing Council’s baseline scenario for activity in the coming quarters.
At the hackathon, developers and experts have been invited to team up and create open source mobile solutions for SEPA instant credit transfers within the next 24 hours. The solutions emerging from both the instant payments challenge and the hackathon lab will be showcased at the conference and will no doubt provide further inspiration for our discussion.