ЦБ сообщает: Monetary policy strategy refinement in AEs: implications for EMEs (Банк России)

INTERNATIONAL FINANCIAL CONGRESS
1 July 2021
See more: https://ifcongress.ru/index/en

In August 2020, the Federal Reserve’s Federal Open Market Committee (FOMC) announced that it was modifying its monetary policy strategy. The FOMC plans to pay more attention to sustaining the employment at the highest level possible and to interpret its price stability goals in terms of average inflation. Meanwhile, ESG factors are going to play an increasingly important role in the ECB’s monetary policy considerations. How have these changes in the monetary policy goals and strategies of advanced economies influenced the global economy and EMEs? How will they affect the length and range of business cycles as well as financial stability? Should these developments push other central banks to adjust their monetary policies as well?

Monetary policy strategy refinement in AEs: implications for EMEs