In this respect, I understand that fixed-rate purchases are nothing more than an emergency tool. I believe that flexibly and moderately adjusting the targets in accordance with market conditions is prudent policy management even if this approach may be considered behind the curve.
I am looking forward to our conversation today and, in particular, am interested in hearing about topics that are of importance to you as you work to serve your customers, meet the credit needs of your communities, and thrive. BIS central bankers’ speeches  1