Mário Centeno on monetary-fiscal interaction in the eurozone

Bank of Portugal governor says ECB is not being overrun by former finance ministers, must improve the definition of its inflation target, and has no need for YCC

Mário Centeno
Mário Centeno, Bank of Portugal
Photo: Eduardo Sousa Ribeiro/Bank of Portugal

You started as an economist at Bank of Portugal, then transitioned to become finance minister in 2015 and president of the Eurogroup in 2018. Last year, you returned to monetary policy as governor. What have you learned about monetary-fiscal interaction in the eurozone from the sovereign-debt crisis and Covid-19?

We have different instruments for fiscal and monetary policy. But our common goal is not that different. I was trained at Harvard as a microeconomist, and I always see economics

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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