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Archive lunare: May 2026

Hormuz Inflation – The New Challenge for Monetary Policy

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With or without a lasting ceasefire, the Middle East war is fuelling severe uncertainties, entailing a pick-up in inflation, in tandem with a slowdown of economic activity. Over the short term, the impact on inflation stems directly from higher fuel prices. Yet long-term effects are much more difficult to project, since they hinge both on the

OECD/INFE Symposium: Financial Education and Financial Sustainability

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I had the honor of opening the OECD / INFE – Romania Symposium on Financial Literacy, an event organized by the National Bank of Romania in partnership with the Financial Supervisory Authority and the Romanian Association of Banks. The symposium took place at the National Museum of Art of Romania, in the Throne Hall, a

Cosmin Marinescu