Shafik said it ws prefereable to use other tools, such as macroprudential tools, rather than monetary policy
Reuters
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Benoit Coeure (ECB board member) also spoke on financial stability at the IMF conference, saying that low rates for a long time creates challenges. On inflation, he said it will come back to target only very slowly.
BoE’s Shafik: Central bank hikes to discourage leverage in EMs could be misguided
