BIS central bankers’ speeches  1  Demographic trends First, to demography, which, in my view, we do not talk about enough. Mostly, demographic developments are not deemed to be newsworthy. And in the financial markets, the impending release of demographic information is not met with the same excited anticipation that sometimes accompanies the release of the latest monthly statistics.
*  *  *  The mandate of each central bank is phrased in strictly domestic terms. But in an open and integrated international economy, the challenges we face are often fairly similar across jurisdictions. Over the past few years, one particular challenge has arisen across a large part of the world. That is the extremely low level of nominal interest rates.