Ignazio Angeloni, a former member of the European Central Bank’s supervisory board, is one of Europe’s most seasoned central bankers, with ample experience of covering twin responsibilities in monetary and financial stability. This is an edited extract of Angeloni’s conversation with David Marsh, OMFIF chairman, at the DZ BANK-OMFIF capital market conference in Frankfurt. Angeloni thinks that the ECB should not have relaunched expansionary policies just before the Covid-19 outbreak and should not have prolonged quantitative easing for so long in 2021 and in the first half of 2022. But he says: ‘These bygones are not ... (full story)