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Central banking in the 21st century - changing paradigm

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, banking regulation and supervision, climate, energy and nature, trade, fragmentation and geopolitics

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· Shaktikanta Das Wiki · Reserve Bank of India WikiCentral banking in the 21st century - changing paradigm

ContextHimalaya Shumsher Memorial Lecture by Shaktikanta Das, Governor of the Reserve Bank of India, at the Nepal Rashtra Bank, Kathmandu, 24 September 2024.

Why it mattersIndia's governor describes how climate and geopolitics are changing central banking.

Problems raised
  1. Climate change and geopolitics fuel inflation.
  2. Growth and trade slow.
  3. Central banking faces a changing paradigm.
Solutions proposed
  1. Supervise AI and innovation well.
  2. Use innovation to boost productivity.
  3. Adapt central banking to the 21st century.
Read full speech on bis.org ↗

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