Bruegel is delighted to welcome the governor of the Central Bank of Ireland, Gabriel Makhlouf. He will deliver a keynote address about how adequate the European toolbox is to tackle financial stability risks in a low rate environment. Following his speech, a panel of experts will further discuss the topic.
Policy rates have been near (or even below) zero for almost a decade, while long term interest rates have been overall on a decreasing trend for several decades and have even been flirting with zero in some European countries for the last 5 years. Moreover, markets now expect rates to be at a low level for the foreseeable future.
This event will discuss the implications of a ‘low for long’ world on financial stability, as well as the adequacy of the European toolbox and institutional setup (in which responsibilities are scattered across several authorities: ECB, ESRB, national macro-prudential authorities, etc.) to deal with financial stability risks in this low rate environment.
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Check-in and lunch
Gabriel Makhlouf, Governor, Central Bank of Ireland
Governor, Central Bank of Ireland
[email protected] +32 2 227 4212
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