Policymakers, in turn, need to have the wisdom to adapt their strategies and policies if and when their old ways turn out be inadequate. And – as always in economic history – economic changes will bring new, unforeseen systemic risks. We should make our economic systems and architectures resilient enough to withstand the realisation of such risks.
And as central banks, we need to keep our powder dry, just in case if some known or unknown risks nevertheless start to materialise. With these thoughts, I thank you for your attention. 4/4  BIS central bankers' speeches