Who is responsible for fighting inflation?
News item
Central banks were created specifically to ensure stable prices and intervene when needed. Why do we need price stability, and why do many people think this is the government’s responsibility?
Everything we do in a European context also affects the people in the Netherlands. At De Nederlandsche Bank, that is why we are working on European regulations for the financial sector. For example, we are committed to strengthening the Banking Union. We also work to create a capital market union. This way you can make investments in Europe without having to deal with all the different local rules. It will also help businesses and consumers to gain better access to capital. This, in turn, is important for the stability and diversity of our financial system, which means it is good for our economy. We carefully monitor economic developments in Europe and beyond. We look at how these developments affect us and what we can do about them. We are contributing to the ECB’s strategy review, and we regularly publish analyses and surveys.
News item
Central banks were created specifically to ensure stable prices and intervene when needed. Why do we need price stability, and why do many people think this is the government’s responsibility?
DNBulletin
For years, inflation in the euro area hovered around 1.5%, below the European Central Bank's (ECB) target of around 2%, despite historically low interest rates. But then it suddenly shot up in summer 2021, peaking at 10.6% in October 2022. How could inflation go up so fast?
DNBulletin
Global agreements on strengthening banks’ capital positions, as contained in the Basel III Accord, should be implemented in Europe as rapidly and consistently as possible.