CNB's Tuma: Central bankers - a strategic overview

In the speech 'Central bankers - a strategic overview' given on 22 March, Zdenik Tma of the Czech National Bank said the main message we can learn from history is that price stability as the ultimate goal of monetary policy is not in contradiction with the effort to achieve financial stability.

"As the central banks learnt during the second half of eighties to deal more properly with inflationary disturbances, the price stability was broadly achieved again. Consequently, the interest in financial

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