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Inflation is back, challenging central banks

· Agustín Carstens, General Manager of the Bank for International Settlements (International)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, public finances and debt, growth, investment and productivity

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· Agustín Carstens Wiki · Bank for International Settlements WikiInflation is back, challenging central banks

ContextPresentation of the BIS Annual Economic Report 2022 in Basel; the BIS serves central banks worldwide as they fight the return of high inflation.

Why it mattersThe BIS annual report warns that the world risks entering a high-inflation era.

Problems raised
  1. Inflation is back.
  2. Risk of a high-inflation era.
  3. Tightening may hurt activity.
Solutions proposed
  1. Front-load tightening.
  2. Limit adverse effects.
  3. Pursue growth-friendly fiscal and structural reforms.
Read full speech on bis.org ↗

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