· Agustín Carstens Wiki · Bank for International Settlements WikiCentral banks in the Americas: steadfast in the face of a global shock
Read full speech on bis.org ↗ContextKeynote dinner speech by Agustín Carstens, General Manager of the BIS, at the 20th Anniversary High-Level Conference of the BIS Americas Office, Mexico City, 20 November 2022.
Why it mattersCarstens urges central banks in the Americas to stay steadfast.
Problems raised
- The Americas face the highest inflation in decades.
- Supply shocks threaten expectations.
- Activity may slow before inflation falls.
Solutions proposed
- Get inflation back to target.
- Address supply constraints through reforms.
- Stay steadfast in tightening.