ECB steps up ‘proportionality’ commitment, In conversation with Hank Paulson
Wednesday 1 July 2020 – Vol. Ed.27.4
Commentary: ECB steps up ‘proportionality’ commitment
By David Marsh in London
The European Central Bank, moving quickly to defuse the German constitutional dispute over government bond purchases, is stepping up its commitment to ‘proportionality’ in policy actions. The ECB and the Bundesbank have worked with the German government and parliament in the past few days, releasing 300 pages of previously secret documents. The combined action lifts a threatened court ban on Bundesbank participation in ECB bond-buying.
Read the full commentary on the website.
News: In conversation with Hank Paulson
As the world adjusts to the Covid-19 pandemic, US policy-makers and market participants look to the challenges ahead. Fiscal and monetary space is limited, and sustainable solutions are needed to ensure long-term growth. Hank Paulson, former US Secretary of the Treasury, joins OMFIF’s Mark Sobel to analyse the US’ position in the global economy now and in the future.
Watch the recording on the website.