BOE's van Steenis Sees Markets Challenged by Currency Volatility

The transcript discusses the current state of currency wars and market volatility, particularly focusing on the impact of Brexit on Sterling. It explores the challenges posed by low interest rates on the financial system and the expectations of further rate cuts by the ECB. The conversation also delves into the role of central banks, their mandates, and the importance of considering financial stability alongside inflation control.

In what ways should central banks consider the banking system when setting monetary policy?

What broader implications for financial stability should be considered by central banks?