Noyer's gloomy outlook for policymakers

Central bankers are likely to face a tough challenge in balancing the risks to financial and price stability in the coming years, Christian Noyer, the governor of the Banque de France, said.

"The conjunction of inflationary pressures and residual financial instability will prove, in times to come, very challenging for policymakers," said Noyer. "But we can rely on our experience and the lessons learned during the last few months to try and steer the world economy through its current troubles."

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