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Central banks between economic soft landing and growing public expectations

· 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

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· François Villeroy de Galhau Wiki · Banque de France WikiCentral banks between economic soft landing and growing public expectations

ContextSpeech at the Austrian central bank and SUERF conference in Vienna; the Banque de France keeps prices stable and faces growing public expectations of central banks.

Why it mattersDays after the first ECB cut, the French governor discusses a soft landing amid rising public expectations.

Problems raised
  1. Central banks face rising public expectations.
  2. The environment changes fast.
  3. Services inflation needs watching.
Solutions proposed
  1. Look closely at the inflation outlook.
  2. Rely on improved forecasting tools.
  3. Achieve a soft landing.
Read full speech on bis.org ↗

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