5/8  BIS central bankers' speeches  Questions from the audience:  The European Central Bank has poured trillions of euro into the European economy, which still hasn’t reached an inflation rate of 2%. These trillions must have been hidden away somewhere, otherwise inflation would have been much higher. So who hid away these trillions of euro? Probably the financial markets? No.
Economic resilience is what helps communities to manage the disruption caused by change, and to manage the economic transitions we are living in right now. Resilience matters to all of us, and we all have a role to play. 1 Makhlouf, Gabriel, The Decade Ahead (12 February 2020) 2Based on the COVID-19 stringency index developed by OxCRT.