2  BIS Review 79/2007  Implications of anchored inflation expectations Why do we care about the variability of inflation expectations? As my colleague Rick Mishkin recently discussed, the extent to which inflation expectations are anchored has first-order implications for the performance of inflation and of the economy more generally (Mishkin, 2007).
May God the Almighty bless our sincere intention and steps and bestow us with smooth implementation thereof. Thank you. Wassalamualaikum wr. wb. BIS central bankers’ speeches  3