In times of high inflation, it is necessary to raise interest rates but also to shrink balance sheets of central banks to return to the goal of 2 % inflation in the medium term. This shift away from unconventional monetary policy is a must. But what will be the impact on financial stability after years of lower to negative nominal interest rates?
Session objective: Challenging assumptions – Have your beliefs and assumptions questioned, broaden your perspective and critically reflect on old and new questions and challenges.