This crisis and these challenges give us a once in a lifetime opportunity to restructure our economies and polities and to put forward our best efforts and determination to effect the socioeconomic  BIS central bankers’ speeches  1  transformation of our countries beyond doubt.
And if confirmed in the future, a higher than believed neutral rate would allow us to recalibrate our monetary policy as the expansion continues, while still providing the accommodative stance that is necessary for inflation to converge sustainably towards our aim.