Stefan Ingves on central bank failings on inflation and financial stability
Riksbank veteran speaks about liquidity, interest rate and non-bank regulatory reforms, and the need for explicit legal definitions for digital money
Many central banks have struggled to get stickier, higher-than-expected inflation under control. Some blame supply-side shocks, shifting demographics and geopolitical tensions, others blame too-low for too-long interest rates and excessive quantitative easing policies that distorted markets and sparked asset inflation. What is your assessment of the causes? And do you believe central banks can and are doing enough to get a handle on the situation?
Central bankers do not have perfect foresight
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