Since the beginning of the crisis, these central banks’ balance sheets have grown significantly above levels that for decades had been considered typical (see Figure 4). 5 / 15  BIS central bankers' speeches  6 / 15  BIS central bankers' speeches  Such a profound change in policy conduct requires us to carefully explain that consistency does not mean constancy.
It likewise symbolizes our hope that the resolve we now possess to deliver on our commitments will be sustained by the ones we shall eventually bequeath it to. Nothing appeases a parent more than the assurance of a formidable future he/she could leave behind.