In fact, while we believe that, overall, the benefits outweigh the costs, we acknowledge the 2/4  BIS central bankers' speeches  challenges that a sustained low interest rate environment poses for banks. Reforming the fiscal framework So there is a role for fiscal policy to play in helping to counter common shocks at the European level.
Second, in situations that demand the central banker’s independent advice and honest actions, a responsible Governor must never nod to the masters like the cuckoo in a cuckoo clock. Otherwise, the Governor himself ends up holding the paper bag full of water. When it starts leaking society inevitably pays the price for the leakage. Domestic violence cannot be argued to mean love story.