Speakers
Chair
Boris Vujčić
Governor - Croatian National Bank
Public Authorities
Robert Holzmann
Governor and Member of the Governing Council of the ECB - Oesterreichische Nationalbank
Mārtiņš Kazāks
Governor and Member of the Governing Council of the ECB - Bank of Latvia
Gabriel Makhlouf
Governor and Member of the Governing Council of the ECB - Central Bank of Ireland
Yannis Stournaras
Governor and Member of the Governing Council of the ECB - Bank of Greece
Boštjan Vasle
Governor and Member of the Governing Council of the ECB - Bank of Slovenia
Industry Representatives
Dino Kos
Special Advisor to Chief Executive Officer - CLS Bank International
Tanate Phutrakul
Chief Financial Officer & Member of the Executive Board - ING Group
Other stakeholder & experts
Jacques de Larosière
Former President - EUROFI
Andreas Dombret
Global Senior Advisor - Oliver Wyman
Objectives of the session
According to some observers, the ECB seems to face with a quandary: tightening monetary policy – dampening demand by reducing the money overhang that requires an ending of QE and raising gradually interest rates – that would create challenges for highly indebted euro area members -, or tolerate rising inflation and stick to its mandate, which would increase inflation dynamics and exchange rate depreciation leading to further increase inflationary pressures with negative consequences for consumption and investment.
The objective of this session is to assess the role of monetary policy in the EU context and to discuss the priorities and the calendar regarding the normalization of the ECB monetary policy.
Main questions to be addressed
- Getting out of the pandemic and in the EU context of rising inflation, what should be the role of monetary policy in Europe?
- What should be the priorities and the calendar regarding the normalisation of the ECB monetary policy?