Central Banks Brace for Inflation's Impact on Global Economy
TL;DR Summary
The International Monetary Fund (IMF) has warned central banks that they may have to accept higher inflation rates than they are used to in order to achieve their targets. The IMF said that central banks should be prepared to tolerate inflation above their targets for a period of time, as they may struggle to bring it back down to their desired levels. The warning comes as central banks around the world are grappling with the economic fallout from the Covid-19 pandemic.
- IMF warns central banks of 'uncomfortable truth' in inflation fight Financial Times
- Carstens: Central Banks Need to Remain Vigilant Bloomberg Television
- Banks face their worst losses since the 2008 crisis if inflation cannot be tamed, says the world’s brain trust of central bankers Yahoo Finance
- Reality check needed for the global economy - Academia The Jakarta Post
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