Financial markets and prices

The financial crisis revealed a number of structural imbalances in the banking and corporate sectors. The beginning of the stabilisation and privatisation of banks was the first step in restructuring these sectors. In recent years, the financial system has operated in a context of a very expansionary monetary policy that has kept pace with the challenges of the economy. Central banks have responded to rising inflation by accelerating the normalisation of monetary policy, which poses an additional challenge to both economic activity and the maintenance of financial stability.