Therefore, almost  BIS central bankers’ speeches  3  all the statutes were amended from time to time to reflect changes in circumstances and context prevailing at that time. There is a strong case for reviewing these legislations and recasting them for a number of reasons. First, prudential regulations are ownership neutral.
Strong growth and long expansions have always gone hand-in-hand with low inflation. Weaker growth and short expansions have occurred in the high-inflation era, particularly the 1970s but also in some parts of the 1980s. This “no faster” idea does not mean that we will panic at unexpectedly strong growth over a short period.