But central bank balance sheets cannot keep taking hits like this. They cannot continue to rescue private sector balance sheets, prop up the economy, but go under themselves, with unsustainable losses. Central banks need to have up some extra cards their sleeve. 23.
I will not try to answer these questions but briefly note that sustaining macroeconomic stability, increasing access to credit, providing good infrastructure, having strong regulatory frameworks, and most importantly developing a skilled workforce are all necessary conditions that create the conducive environment for job creation and inclusive growth.