Bank of England credibility depends on a framework with the Treasury
It is a mistake to suppose that central banks have the tools to alleviate the adverse consequences of poor fiscal policy, much less to restrain profligate governments. The most that the central bank can do is to reassure financial markets temporarily, until the government is able to implement a fiscal strategy which the markets find to be credible. What that ...
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Meetings
Assessing the macroeconomic landscape in Hungary and CEE region
This roundtable will convene an expert panel from across international financial institutions to evaluate the macroeconomic outlook for Hungary and ...
Gold, ESG and sustainability – risks and impacts
There is increasing scrutiny of central banks' role in handling the financial and economic risks associated with climate change and ...
Hungary: a regional economic and financial centre
The next few years present a significant opportunity for Hungary to establish its credentials as an economic and financial centre, ...
Eurosystem central bank balance sheets: strains and solutions
As the European Central Bank nears the end of its year-long period of interest rate rises, attention is now turning ...
