· François Villeroy de Galhau Wiki · Banque de France WikiHow central banks should face instability and fragmentation
Read full speech on bis.org ↗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
- Geopolitics is shifting.
- Inflation has returned.
- Banking turmoil adds instability.
Solutions proposed
- Strengthen central bank credibility.
- Adapt to fragmentation.
- Support polylateral cooperation.