Threats to central bank independence, Monetary policy of Central and Eastern Europe
Tuesday 2 February 2021 – Vol.12 Ed.5.2
Commentary: Threats to central bank independence
By David Marsh in Berlin
It’s easy to consider issues relating to central bank independence as a recent phenomenon, brought on by Covid-19. But the virus has amplified a concern that has been present since at least the 2008 financial crisis. The problem is that central banks are now operating in too many fields. This has limited their room for manoeuvre and given their critics more to aim at. The crunch will come when central banks have to counter inflationary pressures again.
Read the full commentary on the website.
Meeting: Monetary policy of Central and Eastern Europe
Monday 15 February, 16:00-17:00 GMT
During 2020, the pandemic took a great toll on economies around the world, forcing central banks and governments to take tough monetary policy decisions. This panel looks at how some European economies faired and their recovery plans. Deputy governors from the Czech, Hungarian and Polish central banks discuss the respective measures taken to curb the reduction in GDP.
Request to attend the meeting.