Fragmentation monster looms again for ECB – Ignazio Angeloni – OMFIF
Renewed interest in monetary policy discussions coincides with new problems and risks facing central banks. How to deal with the pandemic – particularly the exit from it? Can the rise in inflation be controlled? Should wartime risks be factored in? Undecided on how to move, central bankers have been dragged into controversies which risk denting their leadership and prestige.