BIS central bankers’ speeches  1  A lot of central banks are emphasising the fragility of the recovery, yet at the same time the ECB is tightening policy. Why is there this different position between, for example, the Fed and Bank of England on one side and the ECB on the other? It is not for me to comment on other monetary policies.
What I would say is that in our case it is very important that we continue to anchor very solidly inflation expectations.