But benchmark interest rates clearly carry a large weight in our operational assessments, given their interconnectedness with the rest of the financial system. What ultimately matters for monetary policy, however, is the constellation of interest rates faced by households and businesses when making their decisions.
Jens Weidmann: Welcome remarks for a lecture given by Agustín Carstens Welcome remarks by Dr Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements, for the SAFE/CFS/Deutsche Bundesbank Lecture, given by Mr Agustín Carstens, General Manager of the Bank for International Settlements, Frankfurt am Main, 6 February 2018.