BIS's Cecchetti moots longer time horizon for monetary policy


Inflation-targeting central banks may have to extend their time horizons for monetary-policy decisions in order to fulfil their financial-stability mandates, the head of the Bank for International Settlements' (BIS) monetary and economic department has said.

Speaking to on the sidelines of the BIS's AGM on Monday, Stephen Cecchetti said the crisis was far from the death knell of inflation targeting but said there was "an acceptance that if you're going to have a financial-stab

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