BIS Says Government Debts May Hold Monetary Policy Hostage

The transcript discusses the interplay between monetary and fiscal policy in combating the economic impact of a virus. It highlights the role of central banks in maintaining financial stability and supporting economic growth through proactive measures. The discussion also touches on the impact of central bank actions on asset prices and the real economy, emphasizing the importance of credit channels and market conditions. The ongoing economic impact of the pandemic is addressed, with a focus on the need for patience and continued policy adjustments.

In what ways have central banks facilitated firms to return to the market?

What concerns are raised about the current state of the economy and the pandemic?