Carstens calls for ‘greater realism’ on what policy can deliver

Monetary policy should avoid “excessive fine-tuning”, BIS chief says

Agustín Carstens
Agustín Carstens
Photo: BIS

Agustín Carstens called for a “reassessment of the appropriate role” of fiscal and monetary policy in remarks today (March 18), warning that over-promising could undermine trust.

The Bank for International Settlements (BIS) general manager used a speech at Frankfurt’s Goethe University to underline the importance of trust in policy-making. He said both central banks and governments could lose trust if they failed to understand the “limits of what policies can deliver”. 

Carstens said there needed

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