We serve the public interest by maintaining monetary and financial stability
while ensuring that the financial system operates in the best interests of consumers and the wider economy.
I’ll say it again but @centralbank_ie often forgets the second part of its purpose and role.
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Adam Tooze: Both Spain and Italy have introduced windfalls taxes on banks for failing to pass through interest rates to savers. You might say their banks were asking for it.
https://www.ft.com/content/a1fb90a5-46e4-4a16-acc9-a1dbebebd3c7
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🐦🔗: https://n.respublicae.eu/BillyKelleherEU/status/1689273301447720962