6 Similar points have been made at the June 2022 ECB Forum on Central Banking Policy Panel in Sintra, and by Gopinath  (2022) at the recent Jackson Hole Symposium. 7  See “ Two per cent inflation target”, an explanatory note from the ECB. 8 These estimates, from Kalemli-Özcan et al.
BIS central bankers’ speeches  higher purchase volume that market analysts may observe in the coming weeks is therefore unrelated to the recent episode of market volatility.