Policy must be forceful to anchor expectations, panel hears
Central bankers discuss lessons from post-Covid inflation surge at Summer Meetings
The need for forceful monetary policy to anchor expectations was among the key lessons of the post-Covid-19 surge in inflation, an official from an advanced economy central bank told the Central Banking Summer Meetings.
Speaking on June 11 during a panel on forecasting models, the official said central banks had done “very well” in responding to the surge. “The disinflation process was compatible with a soft landing, and particularly the sacrifice ratio in terms of unemployment,” the official
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