Our stress test and CCAR exercises should ensure that the largest banks will not maintain distributions of capital to their shareholders in the face of rising financial stress, as they did in 2007 and 2008, which left them more vulnerable to the crisis.
World merchandise trade maintained its recent uptrend, growing by 5.4 per cent in February 2021 on a year-on-year (y-o-y) basis. Consumer price index (CPI) inflation remains benign for major AEs; in a few EMEs, 1/5  BIS central bankers' speeches  however, it persists above targets on account of firming global food and commodity prices.