Draghi remains prime minister, March monetary tightening, and more
Mario Draghi, Italy’s prime minister.
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
31 January – 4 February 2022, Vol.13 Ed.5
Most-read Commentary
Draghi remains prime minister, but change is coming: Italy has decided: Sergio Mattarella stays on as president, Mario Draghi remains prime minister. Mattarella, at 80, had not sought a second term and only agreed to continue after the electoral college failed to find a majority for any other candidate. Draghi, 74, has had to postpone his ambition to secure the seven-year stint as president. But he still has a good opportunity to get Italy on the right track, writes Holger Schmieding.
Commentary Italy’s government faces big hurdles after botched presidential election: Following a week of wrangling over the next Italian president in Rome, it’s difficult to over-estimate the political scarring, loss of credibility of the electoral system and atmosphere of feuding and recrimination left by the presidential squabbles, writes Ignazio Angeloni. Read more.
Commentary ECB must tighten now to avoid sharper correction later: Ahead of the European Central Bank’s meeting last week, when the governing council left interest rates unchanged but dropped hints of future tightening, it faced criticism for neglecting increasing signs of prolonged and possibly self-reinforcing inflation, summarised by Jürgen Stark. Read more.
Report DMI annual 2022: This year’s annual contains excellent contributions from DMI members, many of whom reflect on the explosive pace of developments in the digital money sector. Contributors highlighted regulatory developments and key questions that are still not settled. The annual also highlights the latest developments in central bank digital currencies around the world. Download.
Commentary ECB wind of change heralds March monetary tightening: In uncoordinated action on 3 February, the Bank of England raised interest rates to 0.5% from 0.25% while the ECB signalled a shift to a significantly more hawkish stance at its next decision-making monetary meeting on 10 March, write David Marsh and Taylor Pearce. Read more.
