Mario Draghi
Missing out on monetary normalisation, Gender Balance Index 2019
Commentary: Missing out on monetary normalisation
By David Marsh in Boston
The European Central Bank’s postponement until at least 2020 of its first post-financial crisis interest rate increase could mean it will miss out a cycle of monetary normalisation. This exposes it to pressures which will weigh on the bank’s next president, who will take over from Mario Draghi when his term ends in October. The biggest risk is that the ECB will be bereft of monetary ammunition when and if the Federal Reserve starts to ease interest rates in response to a further slowing of the US economy later in 2019 or next year.
Read the full commentary on the website.
Report: Gender Balance Index 
Gender diversity in central banks has improved by six percentage points since 2018, but the overall picture remains heavily unbalanced, much more so than the equivalent in politics or the private side of the financial sector. OMFIF’s Gender Balance Index, in its sixth year, is a call to action, drawing attention to this disappointing picture through a comprehensive and methodical analysis. The index tracks the presence of men and women among senior staff of central banks, sovereign funds and public pension funds, and features contributions from senior executives in these institutions.
Download the report.
