Economic agents have gradually come to terms with this significant shift to a credible, price stability-oriented monetary regime and have adjusted their inflation expectations accordingly. 8 The lessons for monetary policy-makers are very clear: there is no room for complacency and no reason to believe that inflation has been brought under control forever.
Joachim Wuermeling: Banking regulation and the benefits of international cooperation - Basel III and beyond Speech by Prof Joachim Wuermeling, Member of the Executive Board of the Deutsche Bundesbank, at the Konrad Adenauer Foundation, Washington DC, 7 February 2019. * * * Ladies and gentlemen, Welcome to the “Gold Room” of the Konrad Adenauer Foundation.