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Why a forward-looking Budget is needed

Yves Mersch, Member of the Executive Board of the European Central Bank delivers a speech during Lamfalussy Lectures Conference in Budapest, Hungary, on Feb 4, 2019

AT AN international conference in Budapest organised by the Central Bank of Hungary last week, central bankers were debating intensely on the effective role of central banks. Singapore was repeatedly identified as an exemplary model where the central bank and the government have consistently...