Bloomberg News

Central Banks Can Absorb Liquidity, Hildebrand Says

September 17, 2012

(Corrects first paragraph to show Hildebrand will join BlackRock as vice chairman Oct. 1.)

Central banks will have “the right instruments to absorb liquidity” and fight inflation “when the time comes,” former Swiss central bank president Philipp Hildebrand, who will join BlackRock Inc. (BLK:US) as vice chairman Oct. 1, said at an event in Singapore today.

Still, the time hasn’t come yet, Hildebrand said without elaborating.

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net


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