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Lecture with Claudio Borio, Bank for International Settlements

10:30 Fri 22 Sep 2017

Claudio Borio
Claudio Borio


Central banks must guard against falling 'behind the curve' in normalising interest rates in spite of historically low inflation – and must take account of potential threats on financial markets.

That was the warning from Claudio Borio, head of the monetary and economic department at the Bank for International Settlements, at an OMFIF City Lecture in London.

Borio addressed closely related issues at the heart of monetary policy, including how well inflation is understood and the long-term decline in interest rates. Borio believes a reassessment may be necessary and will provide new empirical evidence, drawing implications for the future of monetary policy.

To read the full text of Borio's speech, please click here.