Maintaining sound money amid and after the pandemic

Speech by Agustín Carstens, General Manager, Bank for International Settlements, at the Progress Foundation 50th Economic Conference on "Sound money - a noble goal under constant fire", Zurich, 8 October 2020

BIS speech  | 
08 October 2020
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Maintaining sound money amid and after the pandemic (00:19:24)

For a long time, bringing inflation down and keeping it from rising was the main challenge faced by central banks. More recently, however, a new challenge has emerged: fighting persistently low inflation and economic stagnation in a low interest rate environment. The Covid-19 shock has massively compounded this challenge.