It also reduces economic agents' need to use their resources for hedging against inflation, thereby preventing unfair and arbitrary income redistribution effects caused by inflation. Previously, it was often thought that curbing inflation and the pursuit of economic growth and high employment would be mutually contradictory objectives.
7  See Organisation for Economic Co-operation and Development (2015): OECD Economic Surveys: Mexico, January. 8  See World Bank (2015): Doing Business 2016: Measuring Regulatory Quality and Efficiency, October. BIS central bankers’ speeches  5