Monetary policy transmission - where do we stand?
22 May 2023 · François Villeroy de Galhau , Governor of the Banque de France (France)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability
FV 22 May 2023 · François Villeroy de Galhau Wiki · Banque de France Wiki Monetary policy transmission - where do we stand? Context Speech at the 2023 International Symposium of the National Association for Business Economics in Paris; the Banque de France keeps prices stable and checks how rate rises are passed on.
Why it matters Villeroy says inflation has started to fall but core pressures persist.
Problems raised Inflation has begun to fall but remains high. Underlying price pressures persist. Supply chain easing may not fully pass through. Solutions proposed Keep monetary policy tight. Monitor core inflation. Assess transmission carefully. Read full speech on bis.org ↗ More from François Villeroy de Galhau · Banque de France · all speeches
More speeches by François Villeroy de Galhau Other leaders on monetary policy and interest rates
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