Trust allows ‘decisive’ policy action – Carstens
BIS general manager says more work is needed to secure trust in financial stability and fiscal policy
Authorities have been able to take “decisive” action during recent crises due to the high levels of trust they have built up – but they risk squandering this through poor or unpredictable actions, Agustín Carstens said today (May 27).
The Bank for International Settlements’ general manager told an event hosted by the Bank of Japan that trust underpinned the effectiveness of monetary, regulatory and fiscal policy.
Carstens said monetary policy had been able to act “forcefully” to counter the recent
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