(Some observers would of course argue that both the low growth and the high inflation of the 1970s and 1980s were caused by outside factors such as various supply side shocks. Correlation doesn't prove causality.
At the same time, I also see new faces who should bring fresh perspectives to the sector. This mix of seasoned and fresh bankers is bound to keep the thrift  2  BIS central bankers’ speeches  banking sector innovative, exciting and dynamic. Yes, innovative, exciting and dynamic – the opposite of complacent.