EU must prevent large firms dominating markets, Praet says

Peter Praet, European Central Bank

Policy-makers in Europe must prevent the emergence of excessively powerful firms or face serious economic risks, according to the European Central Bank’s chief economist.

Changes in firms’ market power can affect investment and firms’ pricing behaviour, and also “productivity growth and, therefore, the natural rate of interest,” Peter Praet told a conference in Luxembourg.

“For a central banker, it is thus of crucial importance to understand whether and how the prevailing level of firms’

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: