Finance › Speeches › Agustín Carstens

Central banks in the Americas: steadfast in the face of a global shock

· Agustín Carstens, General Manager of the Bank for International Settlements (International)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability

AC
· Agustín Carstens Wiki · Bank for International Settlements WikiCentral banks in the Americas: steadfast in the face of a global shock

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
  1. The Americas face the highest inflation in decades.
  2. Supply shocks threaten expectations.
  3. Activity may slow before inflation falls.
Solutions proposed
  1. Get inflation back to target.
  2. Address supply constraints through reforms.
  3. Stay steadfast in tightening.
Read full speech on bis.org ↗

More from Agustín Carstens · Bank for International Settlements · all speeches

More speeches by Agustín Carstens

Other leaders on monetary policy and interest rates