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02-04-2022, 10:35 PM
https://www.theedgemarkets.com/article/m...ion-threat
Be pragmatic, not dogmatic, about the stagflation threat
The Bank of England (BoE) raised interest rates for the first time in more than three years in December. Going further, Norway’s central bank doubled its policy rate on the same day.
Anticipating interest rate rises in the US and under pressure from financial markets, central banks in some emerging market and developing economies (EMDEs) — such as Brazil, Russia and Mexico — began raising policy interest rates after inflation warning bells went off in mid-2021. Indonesia and South Africa jumped on the bandwagon in January this year....
With inflation surging after the Ukraine incursion, the Bank of Canada doubled its key rate on March 2 — its first increase since October 2018.
Be pragmatic, not dogmatic, about the stagflation threat
The Bank of England (BoE) raised interest rates for the first time in more than three years in December. Going further, Norway’s central bank doubled its policy rate on the same day.
Anticipating interest rate rises in the US and under pressure from financial markets, central banks in some emerging market and developing economies (EMDEs) — such as Brazil, Russia and Mexico — began raising policy interest rates after inflation warning bells went off in mid-2021. Indonesia and South Africa jumped on the bandwagon in January this year....
With inflation surging after the Ukraine incursion, the Bank of Canada doubled its key rate on March 2 — its first increase since October 2018.
