2017: The year in review

2017: The year in review
Clockwise from bottom left: Zhou Xiaochuan; Janet Yellen; the BIS HQ; Jerome Powell; and Lesetja Kganyago
BIS image: Ulrich Roth

The past year has been a relatively benign one for global markets, and has seen some central banks begin to reset their monetary policy after the extraordinary action post-2008. But it has also witnessed patches of turbulence and some controversy.

The headline news for the global economy has been a return to relative strength, with growth gathering pace almost everywhere and inflation staying largely under control. Countries that came close to deflation in recent years have generally seen that

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