[bank for International Settlements President Carstens: the central bank should tolerate low inflation next time] April 18, Carstens, president of the Bank for International Settlements (BIS), said that when inflation returns to low levels, the central bank should not be as scared as it was before the COVID-19 epidemic. In a speech at Columbia University in New York, Carstens criticized the central bank's response to the COVID-19 crisis and advised them to avoid repeating this all-out effort to stimulate consumer prices during an economic downturn.