Dr. Huw Pill (Bank of England): Post-crisis Central Banking in Challenging Times

From youtube.com/waltereuckeninstitut

Across countries, the response to the Corona crisis in 2020/21 was marked by an extremely expansionary fiscal policy. At the same time, central banks massively expanded their balance sheets and kept interest rates low to support the governments' course. This has made the ECB, for example, the largest creditor to its member states in 2021. With the gradual return to normalcy, inflationary pressures have increased noticeably. At the time of writing, however, monetary policy has not yet responded and has embarked on a balancing act with an unknown outcome. To explore threats and opportunities to policy the “Stiftung Geld und Währung” together with the Walter Eucken Institut as local organizer will hold a conference entitled “Inflation and Debt – Challenges for Monetary Policy after Covid-19”.