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How central banks should face instability and fragmentation

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, trade, fragmentation and geopolitics

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· François Villeroy de Galhau Wiki · Banque de France WikiHow central banks should face instability and fragmentation

ContextSpeech at Macro Week 2023 at the Peterson Institute in Washington; the Banque de France keeps prices stable and faces financial instability and global fragmentation.

Why it mattersVilleroy argues for central bank credibility as geopolitics shifts.

Problems raised
  1. Geopolitics is shifting.
  2. Inflation has returned.
  3. Banking turmoil adds instability.
Solutions proposed
  1. Strengthen central bank credibility.
  2. Adapt to fragmentation.
  3. Support polylateral cooperation.
Read full speech on bis.org ↗

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