Central banks have limited tools to tackle inequality – Carstens

Agustín Carstens
Agustín Carstens
Photo: BIS

Inequality is a growing issue for central banks but one that they can only partially address, Agustín Carstens said in a recent speech.

Income inequality has risen in both advanced economies and emerging markets, the Bank for International Settlements general manager said on May 6. At the same time, the word ‘inequality’ has appeared more frequently in central bankers’ speeches.

“Central banks are concerned about inequality,” said Carstens. “As public institutions, their end goal is to ensure

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