Finance › Speeches › Agustín Carstens

Where are we on the journey towards price stability?

· 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 WikiWhere are we on the journey towards price stability?

ContextSpeech reviewing the global monetary tightening; the BIS serves central banks worldwide and asks how close they are to restoring price stability.

Why it mattersCarstens warns central banks against easing too early in the last mile.

Problems raised
  1. Lower inflation is not yet low inflation.
  2. The tightening was the largest in a generation.
  3. Inflation could become entrenched.
Solutions proposed
  1. Keep resolute until price stability is secured.
  2. Avoid easing too early.
  3. Watch the last mile.
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