When inflation reaches new heights, monetary policy faces a range of challenges. First, how to assess the duration of the rise, and when and how to react? Second, how to consider in all decisions the new post-pandemic environment as well as the geopolitical situation due to the war in Ukraine? Third, how to support the green transition, which will have an impact on future inflation and monetary policy? Four young female professionals and scholarships holders will join the Governors on stage (names tbc).