In “A Treatise on Money” published in 1930, Keynes referred to British deflation in the late 19th century and wrote “I consider, therefore, that the history of this period is a perfect example of a prolonged commodity deflation - developing and persisting in spite of a great increase in the total volume of bank money.” As a central banker, I am increasingly convinced that, when facing an unprecedented situation, what is required for us is to take a pragmatic approach without being dogmatic.
So, in the run-up to International Women’s Day, you have every reason to hold this conference to focus on the role of women at senior management levels in the financial sector. The position of women in the labour market can and must be improved, notably in the financial sector.