1/3  BIS central bankers' speeches  At our Governing Council meeting in early March, we assessed recent changes in financing conditions against the latest ECB staff macroeconomic projections. We observed that, since the start of the year, euro area market interest rates had increased measurably on account of a global repricing in the fixed-income market.
Staying in our homes and potentially away from our loved ones, as we did during the lockdown, is more demanding than shifting to transacting business online. Yet we were able to adapt. This adaptation is proof that we are capable of doing it in other areas. We simply must put our minds, hands and hearts to it!