A lot is being said and written about the central banks’ reactions to the crisis caused by the coronavirus pandemic. However, much less attention is paid to whether and how the crisis affected the central banks themselves.
The central banks of the world’s major economies responded relatively quickly to the economic and financial threats caused by the pandemic by using several measures. The goal was to ensure the availability of preferential loan...
It's hard to believe that at the beginning of this year Germany was wondering what to do with its budget surplus. The “black zero” policy, which basically boils down to maintaining balanced budgets, was still popular.
In July 2020, the former governor of the Ukrainian central bank NBU Jakiv Smoliy resigned from his position. The new head of the central bank, Kyrylo Shevchenko, has announced the continuation of the monetary policy pursued by...
The crisis caused by the pandemic and the necessity of introducing a lockdown, have mobilized governments to launch anti-crisis packages. Regardless of the differences between the individual economies, they all share a similar...
“The longer the lockdown lasts, the more likely it is that there will be changes in consumer tastes, changes to production techniques and supply chains, and we will build more capacity for emergencies into health systems,”...
We should not compare today’s crisis to the previous one, says Paul Tucker, former Deputy Governor of Bank of England. And what central banks are doing is, according to him, not business as usual but they have a reason: a...
Fitch expects Poland’s economic growth to ease to 1.8 per cent in 2020 from a previous forecast of 3.3 per cent. A V-shaped recovery should follow in 2021, however, with the economy expanding 3.2 per cent driven by personal...
New expansionary monetary and fiscal policies have been introduced in Poland to deal with the crisis due to the COVID-19, but with limited fiscal space a key question is how much the currency may depreciate.
Croatian economy is especially prone to international shocks. Dramatic spread of coronavirus, followed by drastic fall in supply&demand chains badly affected Croatian economy, which did not even have enough time to recover...