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Laying a robust macro-financial foundation for the future

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, public finances and debt

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· Agustín Carstens Wiki · Bank for International Settlements WikiLaying a robust macro-financial foundation for the future

ContextPresentation of the 94th BIS Annual Economic Report in Basel; the BIS serves central banks worldwide as the global economy heads for a smooth landing.

Why it mattersThe BIS warns against rushing rate cuts and urges governments to rebuild fiscal buffers.

Problems raised
  1. Expansionary fiscal policy could revive inflation.
  2. High debt issuance could disrupt bond markets.
  3. Neutral rates are uncertain.
Solutions proposed
  1. Do not rush to return rates to pre-pandemic levels.
  2. Stay vigilant and ready to act.
  3. Rebuild fiscal buffers.
Read full speech on bis.org ↗

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