In an analysis published on Wednesday 12 June by theBruegel think tank, non-resident researcher Lucrezia Reichlin and director Jeromin Zettelmeyer consider that the European Central Bank (ECB) is facing three major challenges.
Firstly, to conduct monetary policy in a tighter budgetary context. Secondly, to conduct monetary policy in the face of a persistent risk of fragmentation of the euro area. And finally, to adapt its monetary strategy to an environment marked by inflation volatility,...