Monetary Policy response to Covid-19 Pandemic in Central Europe

Almost one year has passed since the outbreak of the global Covid-19 pandemic, which triggered a fast policy reaction of many central banks in the world. This JVI Webinar offers an opportunity to get an insight into the motives driving the monetary policy responses of Central European inflation-targeting central banks. In a roundtable discussion moderated by the OeNB, the Czech, Hungarian and Polish central bank representatives will share their experience with assessing the relative strength of supply- and demand-side factors during the pandemic, but they will also explain why some of the central banks decided to use quantitative easing and others not. The discussion of fiscal-monetary policy coordination and the prospects of Euro adoption in the light of the COVID-19 crisis will provide additional insights into the policy choices made by Central European central banks.