L'information financière
à la hauteur de votre patrimoine.

We have moved from a world in which inflation was persistently too low to one marked by recurrent inflationary shocks; from a historically accommodative monetary policy stance to the fastest tightening cycle in the history of the ECB; and from a deeply integrated global economy to one increasingly shaped by fragmentation and geopolitical tensions.

As I reach the end of my journey here at the ECB, I would like to reflect on the lessons these experiences have taught me about the conduct of monetary policy in a world that has become less predictable.

But to do this, it must be trusted. It must allow people and businesses to transact safely and efficiently. And it must evolve with geopolitical and technological developments.

For centuries, central banks have issued money and safeguarded its value. That mandate remains unchanged. But the environment in which money is used is being transformed.