But I promise you, I'll keep my review short. 2 To understand regulatory policy Is monetary policy still regulatory policy today? This question can hardly be answered without first going into the understanding and origin of regulatory policy. I am pleased to speak on a subject that is fundamental in nature, but at the same time timely and practically relevant. But unlike so often, my counterpart Thomas Jordan and I will not focus on economic and price developments today. However, I would be happy if we had this rate in the euro area at the moment – instead of 9.1%. In this country, too, the inflation rate of 3.5% in August is too high.
You are to be envied here in Switzerland! Not only because of the beautiful landscape here on Lake Lucerne. Dear Thomas Jordan, Dear Professor Schaltegger, Ladies and gentlemen, Thank you for inviting me to this prestigious series of events.
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