In closing, may Allah the God Almighty always bless us and lighten our steps. Thank you, Wassalamu’alaikum warahmatullahi wabarakatuh. BIS central bankers’ speeches  3
Large shares of the populations of advanced economies were at this saving-intensive stage of life, and this was a source of both upward pressure on global saving and downward pressure on real interest rates. These impacts were reinforced by an increase in life expectancy, which meant that people had to save more than previous generations to be ready for a longer retirement.