Inflation and the ECB’s monetary policy stance

The period of low inflation in the euro area ended abruptly with recovery from the Covid-19 pandemic and the energy crisis. Supply-side bottlenecks and a surge in energy prices have been factors in raising core inflation. Despite the hike in consumer prices, the ECB’s unprecedented monetary policy response contributed to re-anchoring long-term inflation expectations to the new 2% symmetric target and preventing the materialisation of second-round effects.
In this breakfast briefing, Stefano Neri, head of the economic outlook and monetary policy directorate at Banca d’Italia, discusses long-term inflation expectations in the euro area, the limited risks of second-round effects, growth prospects and the ECB’s monetary policy stance.
Speakers
Stefano Neri
Head, Economic Outlook and Monetary Policy Directorate
Banca d’Italia
Stefano Neri
Head, Economic Outlook and Monetary Policy Directorate
Banca d’Italia
Timings
08:30-09:00 Registration
09:00-10:30 roundtable discussion
This meeting is open to the OMFIF network, with priority given to OMFIF members. Interested in membership? Contact us at Partnerships@omfif.org