Looking further ahead, structural shifts in the economy will produce more upside price risks and may require central banks to refine their strategies, Gopinath said. — Bloomberg
Looking further ahead, structural shifts in the economy will produce more upside price risks and may require central banks to refine their strategies, Gopinath said. While the headline rate has fallen after a plunge in energy costs, underlying pressures are proving much more persistent and may have picked up in June.
They’ve largely stressed their determination to do so. The ECB has all but promised another rate increase in July. The Bank of England remains firmly in hiking mode, even as a mortgage crisis looms.
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