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Euro Central bank

The greening of the ECB

When Christine Lagarde became president of the European Central Bank in November, she inherited a challenging legacy from her predecessor Mario Draghi. The ECB’s key people are openly divided on the future direction of monetary policy. Markets are expecting interest rates to stay ultra-low for decades, and parts of the continent’s banking system remain fragile. Read more

Dr Oliver Hartwich
Newsroom
9 December, 2019

Media Release: RBNZ's flawed bank capital process should be suspended to allow further consultation

The Reserve Bank of New Zealand should suspend its decision to increase banks’ capital and re-open the public consultation process says public policy think tank, The New Zealand Initiative.The RBNZ’s decision to increase the capital banks are required to hold will have adverse effects for borrowers and the wider economy. The effects are likely to be felt most acutely by high loan-to-value borrowers, the rural sector and small-to-medium-sized enterprises.Yet the Initiative’s submission in response to the RBNZ’s Review of... Read more

Media Release
5 December, 2019

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