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Media briefing on the BIS Quarterly Review, March 2024

BISness

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Inflation Drivers, Interest Rates, and Bond Market Liquidity

This chapter explores the drivers of inflation, uncertainties surrounding the natural rate of interest, and the importance of liquidity in bond markets. Discusses services prices' impact on inflation, factors influencing fast payment systems, and the significance of investor base in sovereign bond markets. Touches on emerging markets sovereign bonds, lessons in policymaking resilience, and the impact of globalization on inflation dynamics.

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