Henry Michael Mayhew, of University College London, argues that Asian central banks should incorporate equality considerations into their mandates. The rise of unconventional monetary policy has had outsized distributive effects, and with a growing body of research showing that inequality impacts economic stability, targeting a more balanced distribution of wealth can be seen as a means of securing economic and financial stability. The essay explains why widening central bank mandates poses little risk to potentially affected groups, such as business interests and the elderly, and how the move would ultimately support Asia’s continued competitiveness.