BIS deputy general manager highlights pressure on monetary policy

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Hervé Hannoun, deputy general manager of the Bank for International Settlements, last week spoke at the 47th SEACEN Governors' Conference in Seoul, Korea about the pressure on monetary policy frameworks.

In a presentation titled 'Monetary policy in the crisis: testing the limits of monetary policy', Hannoun said that in the wake of the crisis, "demands on monetary policy have grown beyond recognition, putting frameworks under enormous pressure".

He said that the trend towards unlimited

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