At the conclusion of its last meeting, the Monetary Policy Committee deemed the  4  BIS central bankers’ speeches  policy rate to be at an appropriate level. However, inflationary pressures will be monitored, especially insofar as second round inflationary pressures may negatively impact the inflation outlook, so as determine when policy adjustments may be required. Thank you.
Enjoy the rest of the conference. BIS central bankers’ speeches  5