Isabel Schnabel of the Executive Board of the European Central Bank will deliver a lecture in Eesti Pank on 30 August on inflation in the euro area. The lecture will be followed by a discussion with the Governors of the Latvian, Lithuanian, Finnish and Estonian central banks that will focus on the impact of recent crises and the lessons learned for monetary policy.

A public seminar will be held on Friday 30 August at 10.00-12.00 in the Independence Hall of Eesti Pank at which the German economist Isabel Schnabel, who is a Member of the Executive Board of the European Central Bank, will deliver a lecture. Her lecture will speak about the outlook for inflation in the euro area and the risks that may prevent it from returning to the central bank’s target of 2% by the end of 2025.

The lecture will be followed by a panel discussion with the Governors of the central banks of Finland and the Baltic states that will discuss the impact of recent crises and the lessons learned for monetary policy. The discussion will consider how much of a problem it is if inflation rates are different in different euro area member states, and whether central banks should react to signs of inflation and to global inflation shocks. There will also be discussion of how the high inflation of recent years has impacted competitiveness and exporters in the euro area. In this context there will also be consideration of what central banks can learn from the monetary policy of euro area countries.

The members of the panel, who are all direct participants in making monetary policy in the euro area, will be Isabel Schnabel from the European Central Bank, Mārtiņš Kazāks from Latvijas Banka, Olli Rehn from Suomen Pankki, and Gediminas Šimkus from Lietuvos Bankas. The discussion will be chaired by Governor of Eesti Pank Madis Müller.

Joining the event

Everyone who wants to can watch and listen to the lecture and panel discussion on the Eesti Pank website, the Eesti Pank Facebook page, and the Youtube channel. Attendance in person is by invitation. The event will be in English.

The lecture is part of a series of lectures dedicated to the memory of the economist Professor Ragnar Nurkse. Professor Ragnar Nurkse was an economist from Estonia who gained international recognition in the 1940s and 1950s. Eesti Pank started the lecture series dedicated to Professor Nurkse in 2007.

Additional information:
Hanna Jürgenson
Communications Specialist
Eesti Pank
Tel: 56920 930

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