Promoting fintech might reduce inequality – BIS’s Pereira da Silva

Inequality harms policy transmission, but technology may help, deputy general manager says

Luiz Awazu Pereira da Silva
Luiz Awazu Pereira da Silva
Photo: Louis Rafael Rosenthal

Inequality can harm monetary policy transmission, but promoting fintech may be one way to reduce this impact, Luiz Awazu Pereira da Silva said on January 13.

The Bank for International Settlements’ deputy general manager said recent research had found that high concentrations of income impair policy transmission. He told a roundtable event that wealthy households have a lower propensity to consume and therefore respond less to changes in monetary policy.

By supporting new financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.