Mersch backs close relationship between monetary and macro-prudential policies
Yves Mersch, a European Central Bank (ECB) executive board member, today argued for close co-operation between monetary and macro-prudential policy when the two are housed under the same institutional roof.
The ECB is set to be approved by the European Parliament as the eurozone's single supervisory authority next week, gaining responsibility for both micro- and macro-prudential policy from autumn next year. It has repeatedly emphasised the need for a clear separation between setting monetary
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