Interlinkages between economic policies and financial stability; link to the event

10/20/2022 / Press release

The environment in which we live and work has changed radically in recent years: the Covid-19 pandemic was followed by the Russian military aggression, the consequences of which have escalated over the course of this year. This is introducing additional limitations and a good deal of uncertainty into the economic environment, which have recently been reflected most evidently in a sharp rise in inflation, an uncertain outlook for economic growth, and volatility on the financial markets.

To address these challenges, central banks reached a consensus some time ago about making changes to monetary policy. Thus on the Governing Council of the ECB we acted by, among other things, raising the key interest rates, and our expectation is that this policy will continue. In this way we are helping to prevent the current inflationary pressures from extending over the medium term.

The key to successfully dealing with soaring inflation and reducing the uncertainty that we face is for all economic policy strands, both monetary and fiscal, to act and work together. One of the key questions is how monetary policy and fiscal policy can affect financial stability, and how financial vulnerabilities should be taken into account in the decision-making process.

All of this will be discussed at a Banka Slovenije event entitled Interlinkages between economic policies and financial stability. The event will be held on Thursday, 10 November, from 2 pm to 4 pm.

High-level monetary and fiscal policymakers have been invited. The following are all taking part on the panel:

  • Isabel Schnabel, member of the Executive Board of the ECB
  • Klemen Boštjančič, finance minister, Slovenia
  • Peter Kažimír, governor of the National Bank of Slovakia
  • Boštjan Vasle, governor of Banka Slovenije
  • Nadia Calviño, minister for economic affairs and digital transformation, Spain (online attendance)

The discussion will be moderated by Mojmir Mrak, full professor at the School of Economics and Business in Ljubljana.

The event will be held at Banka Slovenije’s premises, with direct video broadcast available. It is free of charge. The discussion will take place in English, with a Slovene translation available for the in-person attendees only. 

You are most kindly invited to join us.