Former central bank governors debate unconventional monetary policy

Axel Weber

Three former governors of the world’s most influential central banks descended on the Deutsche Bundesbank on June 14 to discuss the implications of unconventional monetary policy – and concluded it may be time for those measures to end.

Policies that were implemented following the collapse of Lehman Brothers in 2008 have helped to maintain financial stability and support economic recovery, they said.

But according to former European Central Bank (ECB) president Jean-Claude Trichet, former Bank