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Speech at Bank of Thailand-Bank for International Settlements Conference

· Yi Gang, Governor of the People's Bank of China (China)

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

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· Yi Gang Wiki · People's Bank of China WikiSpeech at Bank of Thailand-Bank for International Settlements Conference

ContextSpeech at a Bank of Thailand and BIS conference; the People's Bank of China conducts monetary policy and shares its experience with regional peers.

Why it mattersYi Gang discusses how emerging markets handle capital outflows and inflation together.

Problems raised
  1. Emerging markets face currency depreciation and capital outflows.
  2. Inflation pressures come at the same time.
  3. Central banks operate on shifting ground.
Solutions proposed
  1. Pursue sound monetary policy.
  2. Strengthen regional central bank cooperation.
  3. Manage capital flow volatility.
Read full speech on bis.org ↗

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