Central banks should stick to what they know, say governors
Focusing on key existing objectives is preferable to taking on new ones, say panellists
It is better for central banks to maintain clear objectives than to add new ones without having the tools necessary to implement them, officials told the Central Banking Meetings, Kuala Lumpur.
Speaking on a panel on April 1, high-level central bank officials discussed the evolution of institutions’ mandates, including green finance, broader financial inclusion and building central bank digital currencies.
The panel comprised a governor from an upper-middle income country in Europe; a board member
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