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Edition

Navigating stormy waters – reflections on monetary policy

The speaker says recent experience has shaped their thinking on monetary policy and may offer lessons for navigating future challenges.

In recent years, inflation shifted from persistently too low to recurrent inflationary shocks, while historically accommodative monetary policy gave way to the fastest tightening cycle in ECB history. The speaker says their personal reflections contain four key takeaways.

This summary is based on the available full source text. Summary prepared with AI assistance. The original source is authoritative.

Original source

BIS Speeches

Date stated with the source: 10. 11. 2026

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