It’s the economy: inflation has converged
Date: Thursday 21 November 2024
Time: 6:00 - 7:15 pm
Location: Sumeet Valrani Lecture Theatre (CBG.1.01), LSE
Speaker: Mário Centeno, Governor of the Bank of Portugal
Chair: Silvana Tenreyro
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.
Mário Centeno is the Governor of Banco de Portugal 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 is Professor in Economics at the London School of Economics. She received her Ph.D. in Economics from Harvard University in 2002 and an MSc in Economics from Harvard University in 1999. She is Director and Board Member of the Review of Economic Studies and serves as Associate Editor for the Journal of the European Economic Association, the Journal of Monetary Economics and the Economic Journal. She was an external member of the Bank of England's Monetary Policy Committee from July 2017 to July 2023
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