
Old challenges, new shocks
BISness
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Is There Still Room for More Action?
Do you think an asset price is that we're heading for a bigger correction than we've seen so far? Well, I mean, that will depend as central banks have said, they are data dependent. They need to first make sure inflationary expectations are well-ancored and that the inflation enters into a clear trajectory of convergence to their objectives. We still haven't seen that. Therefore, I think there is still room for additional action.
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