BIS says central banks must act ‘decisively’ on inflation
Tightening policy hard and fast may be central banks’ best shot at engineering a soft landing
Central banks should tighten monetary policy hard to ensure the world does not slip into a period of persistent high inflation, the Bank for International Settlements said today (June 26).
Monetary policy-makers need to take “decisive action” to avoid a “potential change in the dynamics of inflation”, general manager Agustín Carstens told journalists in a briefing on the BIS’s annual economic report (AER).
This year’s AER explores inflation in forensic detail. The report highlights how current
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