The European Central Bank’s shift towards monetary tightening and legal hurdles to its new anti-fragmentation tool spell problems for the single currency ahead of the 25 September Italian elections. Isabel Schnabel, the board member leading the ECB’s shift to anti-inflation stringency, underlined the painful new reality dawning on the central bank in a landmark 27 August statement at the Jackson Hole conference.
ECB transmission protection instrument needs a ‘user manual’ By Ignazio Angeloni and Daniel Gros The TPI will function satisfactorily only if the rules of engagement are clear: its user manual should be agreed as soon as possible, and made public, in time for the next governing council meeting on 8 September.
MEETINGS The ECB and policy responses to curb inflation Monday 12 September, Roundtable Massimo Rostagno, director general of the monetary policy directorate general at the European Central Bank, discusses the policy decisions taken to try to return inflation to the 2% target over the medium term.
LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
