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Current challenges for central banks

· 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, public finances and debt

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· Agustín Carstens Wiki · Bank for International Settlements WikiCurrent challenges for central banks

ContextRemarks prepared for delivery by Agustín Carstens, General Manager of the BIS, at the Institute of International Finance Board Meeting, Zurich, Switzerland, 15 January 2023.

Why it mattersCarstens makes inflation the top priority despite record debt.

Problems raised
  1. Inflation has returned.
  2. Debt levels are historically high.
  3. Tightening is challenging.
Solutions proposed
  1. Make bringing inflation back to target the top priority.
  2. Support with sound fiscal policy.
  3. Research inflation dynamics.
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