Old challenges, new shocks

High inflation and mounting growth headwinds raise the prospects of global stagflation and call for quick and decisive action by central banks, says Agustín Carstens, presenting the BIS’s Annual Economic Report.

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Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.