Focus should be on price stability as supply shocks rise, says BIS chief Pablo Hernández de Cos

The Bank for International Settlements (BIS) chief, Pablo Hernández de Cos, is emphasizing the importance of maintaining price stability as supply shocks increase. This means that central banks need to closely monitor the impact of rising energy prices on inflation, which could lead to a second round of price increases. The stability of prices is crucial for the overall health of the economy, and central banks must be prepared to take action to prevent inflation from getting out of control.

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The BIS chief is warning about potential inflation effects from supply shocks. Global regulatory coordination is necessary for advanced AI technology.

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