boj speech, 2025-09-02
That said, Claudio Borio and his colleagues at the Bank for International Settlements analyzed 70 years of data across 32 countries and found that the strength of the link between money growth and inflation depends on the inflation regime: it is one-to-one when inflation is high (above 5 percent) and virtually non-existent when inflation is low.
Sentiment: neutral
Topic: mp_interest_rate