Inflation, Growth, and Monetary Policy in a Fractured World – Speech by Gabriel Makhlouf Governor, Central Bank of Ireland at MNI Connect
| Ireland
Summary
Good morning. Ongoing events in the Middle East are a stark reminder of the challenges policy makers face in a world increasingly characterised by geoeconomic fragmentation. For central banks tasked with preserving price stability, supply shocks pose both analytical and strategic challenges: understanding their persistence, their impacts on supply chains, and their effects on inflation and growth; and determining how to respond when supply and demand move in opposite directions. My speech tod...