France's Noyer on indexed bonds, inflation

In a speech on 'The role of inflation - indexed bonds in the process of setting monetary policy: a central banker's perspective' given on 9 June, Christian Noyer of the Bank of France said central banks have to make use of the widest possible set of information variables to cope with uncertainties. In such a context, asset prices, inflation - indexed bonds play an important role as information variables; but one has to bear in mind that they are endogenous to the monetary policy decisions.

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