In the years following the great financial crisis of 2008, the consolidation of the G20 as the key forum for the global coordination of economic policies seemed to mark the beginning of a new world order. The conviction spread that deeper economic and  1/3  BIS - Central bankers' speeches  financial interdependencies would help create the right conditions for peaceful, shared development.
To be clear, this is not an argument for never considering prices in asset markets when determining how well we are likely to do in achieving our goals. Monetary policymakers follow developments in the equity and other asset markets as part of the process of evaluating and forecasting economic conditions.