The Ongoing Struggle of Central Banks Against Inflation.

Central banks around the world are facing a new phase of "pain" in their battle with inflation, as rising prices and supply chain disruptions threaten to derail economic recoveries. The challenge for policymakers is to balance the need to keep interest rates low to support growth with the risk of stoking inflation. Some central banks, such as the US Federal Reserve, have already signaled a shift towards tighter monetary policy, while others are expected to follow suit in the coming months.