Inflation has hit exactly 2% just seventeen times in the Euro Area’s 308-month history. However, it has hovered within a range of 1.5% to 2.4% about 42% of the time and now, inflation has settled back into this desirable territory. A monetary policy that remains tight for too long risks causing inflation to undershoot its target. Speed is of the essence.

Meet our speaker and chair

Mário Centeno is the Governor of Banco de Portugal (@bancodeportugal) and member of the Governing Council of the European Central Bank since July 2020.  He served as President of the Eurogroup and Chair of the Board of Governors of the European Stability Mechanism, and for over four years he was Finance Minister of Portugal. An experienced economist, Mr Centeno has held several positions in Banco de Portugal, where he started his career in 1993. He has a strong academic background with a PhD in Economics, from Harvard University, and has published several academic papers.

Silvana Tenreyro, CBE, is Professor of Economics at LSE, Fellow of the British Academy and Fellow of the Econometric Society. She is a former External Member of the Bank of England’s Monetary Policy Committee, and former President of the European Economic Association (EEA). Currently, she serves as Director of the CEPR International Finance and Macroeconomics Programme and as member of the External Advisory Group of the IMF. In the past, Silvana also worked at the Federal Reserve Bank of Boston and served as External Member of the Monetary Policy Committee of the Bank of Mauritius.

More about this event

The Centre For Macroeconomics (@CFMUK) is a research centre that brings together a group of world class experts to carry out pioneering research on the study of nations’ prosperity, and the crises that afflict them, helping to design policies that will create a healthier and more resilient economy.

Hashtag for the event: #LSECFM