The recovery will likely be prolonged and bumpy, with the potential for setbacks along the way. The message I want to leave you with is that while we are using different tools in these extraordinary times, our policy remains grounded in the same framework.
The inflation target is our beacon that is guiding our actions as we help bring the economy from crisis, through reopening, to recuperation and recovery. With that, let me stop and open the floor to your questions. I look forward to a good discussion. 4/4  BIS central bankers' speeches