Financial markets and prices

The financial crisis exposed a number of structural imbalances in the banking and corporate sectors. The stabilisation and privatisation of banks marked the first step in the restructuring of these sectors. In recent years, the financial system has operated in an environment of highly accommodative monetary policy, which has supported the economy in addressing a range of challenges. In response to rising inflation, central banks have accelerated the normalisation of monetary policy, posing additional challenges for both economic activity and financial stability.