BIS central bankers’ speeches  3  Inflation The third feature of the economy that I want to discuss is inflation and how we are tackling it. Annual inflation rose to 31.7 percent in October of last year, far above our target of 5 percent.
Through its country engagements and its power as global convener, the WBG should provide technical assistance, combine financing and knowledge support effectively, and properly engage at the regional, national, subnational as well as sectoral level.