Important conclusions today at the Lamfalussy Lectures int conf by @MNB_Hungary in Budapest. Robert Holzmann, governor of @oenb: 1. time to rethink highly accommodative monetary policies in EU because of negative impacts on the economy, like high and low productivity.

🐦🔗: n.respublicae.eu/GyoriEniko/st

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2. Do not overburden monetary policy and @ecb activities with issues that are out of its competences.  More united capital market union is the way forward. I hope anti-competitiveness forces, especially the Left listens.

🐦🔗: n.respublicae.eu/GyoriEniko/st

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