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Geopolitics becoming ‘key risk’ for central banks – panel

Experts at ECB conference say political upheaval now a greater concern than price growth

ECB watchers conference panel - Olli Rehn, Tao Wang, Menzie Chinn
Levente Koroes

Geopolitics is replacing inflation as the “key risk” for central banks, panellists at the European Central Bank Watchers Conference 2025 said.

Speaking in Frankfurt on March 25, Bank of Finland governor Olli Rehn, UBS chief economist Tao Wang and economics professor Menzie Chinn discussed the changing global environment.

The Bank of Finland governor focused on Europe, which in his view is would face “asymmetric” effects from the war in the Middle East due to its energy dependency. Wang said China

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