Synopsis: The President of the European Central Bank (ECB), Mario Draghi is set to step down later this year and the race to replace him is not short of Qualified candidates. Whilst his replacement is important, their ability to support economic activity and ensure low and stable inflation around the 2.0% target amidst an uncertain economic backdrop is essential. Furthermore, any president must think carefully about creating policy space to respond to the next crisis such as moving interest rates from negative territory towards zero lower bound. Furthermore, a creative macroprudential policy framework must be envisaged to balance bank profits…...
European Central Bank President: It’s the “How?” not the “Who?”
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