If not managed properly, these are all types of risks that are particularly likely to amplify and propagate shocks through the financial system. But building resilience cannot stop at banks: non-banks also play an increasing role in the financial system.
However, our measures of core inflation have declined only slightly, to a range from 1.6 to 2 percent. This is not surprising, given that core measures generally remove the impact of the 5/6  BIS central bankers' speeches  most volatile prices in the CPI, such as gasoline.