BoC's Senior Deputy Governor Wilkins: Monetary policy is ill-equipped to deal with sector-specific issues
26.08.2020, 14:25

BoC's Senior Deputy Governor Wilkins: Monetary policy is ill-equipped to deal with sector-specific issues

  • Pandemic reveals limits of BoC's monetary policy to solving all problems
  • Review of alternative monetary policy options has identified some of strengths and weaknesses of different frameworks; but no single framework dominates on all margins
  • Economic crisis has made it crystal clear that central banks are likely to run out of conventional firepower if we see an economic downturn in low-interest-rate world
  • Another challenge is that long periods of low interest rates encourage investors to take on risk that may be excessive; we see that now with high levels of indebtedness
  • We are running a horse race among alternative frameworks for monetary policy. These include average inflation targeting, price-level targeting, an employment-inflation dual mandate and nominal GDP growth and level targeting; another possibility is to raise the inflation target. We are evaluating these frameworks against a clear set of criteria
  • We have a clear target -2 percent inflation - which means businesses and families know what we aim to achieve with our actions
  • Our framework is flexible in terms of how fast we aim to return inflation to target
  • Seeing unconventional monetary policy tools in action during COVID-19 has put renewed focus on how they’re impacting both asset prices and decisions on borrowing and lending
  • Monetary policy is ill-equipped to deal with sector-specific issues; we need to take them into account in our monetary policy decisions, but our focus must be on the macroeconomy to support sustainable growth and price stability

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik