QT ‘crucial’ if ECB is to tackle future crises, says Nagel
Bundesbank president says dollarisation by way of stablecoins could weaken European sovereignty
Joachim Nagel has said he is a strong proponent of continuing to clear the European Central Bank’s balance sheet.
In a speech at the Euro50 group meeting in London on February 12, the Deutsche Bundesbank president discussed how the “new geopolitical environment” was likely to affect European monetary policy.
He acknowledged that inflation would remain more volatile in the new environment, and that the ECB updated its monetary policy strategy last year specifically to enable itself to respond to
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