Lessons Learned from the Last Four Years of Managing Inflation
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#f9660aca ver:0.08

Central banks have faced extraordinary circumstances in the last four years, including the COVID-related crash of the global economy, a spike in interest rates, and an ensuing run-up in inflation. The pandemic in 2020 caused an unprecedented shock to the global economy, leading central banks to use all their monetary policy levers to respond quickly. Interest rates were cut to zero in the U.S., and balance sheets were used to improve market functioning and ease financial conditions. Inflation in the United States came down to around 3% last year, above the Fed's preferred level of 2%, but without a big recession. Supply chain disruptions and labor market disruptions contributed to inflation, and the war in Ukraine further boosted inflation in 2022. Emerging market economies responded quick...

#newstr #Inflation #CentralBanks #MonetaryPolicy #InterestRates #EconomicShock 

 https://here.news/story/f9660aca?ver=0.08