BOJ’s Captain Charisma, BOE’s Mark Carney, and the IMF’s Christine Lagarde on a panel in Davos

The Captain has started off by pretty much reading his latest mon pol statement. This one is going to be a throbber I can tell.

  • New technologies are one factor behind a lack of inflation pick up
  • Another is that it’s not been easy to change the deflationary mindset
  • Medium to long-term inflation expectations are picking up
  • We are finally close to the target

Carney up now.

  • 80% of the recovery in G7 economies had been led by investment
  • The probability has gone up that there will be an adjustment in asset prices
  • We have not yet fully solved too big to fail
Ryan Littlestone

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