Monetary and financial stability can be separated if the main concern is liquidity rather than solvency, says Executive Board member @Isabel_Schnabel.

A well-regulated financial sector enables central banks to focus on their price stability mandate https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230519~de2f790b1c.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1659573926681296897