What is indisputable, though, is that central banks’ efforts to check asset price bubbles demand not just analytical capability but mature judgment of the nature of the risk. Should central banks also engage in bank regulation and supervision? In many regulatory models the central bank is purely a monetary authority, with bank regulation and supervision vested in another agency.
Mark Carney: Summary Canada’s latest Monetary Policy Report Opening statement by Mr Mark Carney, Governor of the Bank of Canada, at the press conference following the release of the Monetary Policy Report, Ottawa, 22 October 2009. *  *  *  Good morning.