Headlines from Stevens’ prepared speech earlier are here
– Favours the current 2 to 3% inflation target band
– Cautions on lowering the target
– Globally difficult to implement negative rates without hurting banks’ earnings
Headlines from Stevens’ prepared speech earlier are here
– Favours the current 2 to 3% inflation target band
– Cautions on lowering the target
– Globally difficult to implement negative rates without hurting banks’ earnings