BISness
Media briefing on the BIS Quarterly Review, December 2023
Dec 4, 2023
This podcast covers the challenges faced by central banks in uncertain inflation environments, the dialectic between central banks and markets in addressing inflation concerns, the risks associated with government debt and Buy Now Pay Later schemes, the current state of debt and labor markets, and the shift in work and retirement attitudes and its impact on the labor market.
37:10
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Quick takeaways
- Central banks need to remain flexible and adjust to changing circumstances amidst the uncertain evolution of inflation.
- The prevalence of 'buy now pay later' schemes reflects low interest rates, but their performance in a more challenging environment remains to be seen.
Deep dives
Central banks' challenge in decision-making
Central banks face the challenge of deciding their next steps given the uncertain evolution of inflation. They need to remain less focused on inflation, remain flexible, and adjust to changing circumstances. The prevalence of 'buy now pay later' schemes reflects low interest rates, especially during the pandemic. It remains to be seen how these schemes will perform in a more challenging environment.
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