The world’s central bank umbrella body, the Bank for International
Settlements (BIS), has called for interest rates to be raised “quickly
and decisively” to prevent the surge in inflation turning into something
even more problematic. ...
“The key for central banks is to act quickly and decisively before inflation becomes entrenched,” Agustín Carstens, BIS general manager, said as part of the body’s post-meeting annual report. ...
World markets are already suffering one of the biggest sell-offs in recent memory as heavyweight central banks like the U.S. Federal Reserve - and from next month the ECB - move away from record low rates and almost 15 years of back-to-back stimulus measures. ...
“Yes, you can argue a little bit here about an error of timing of certain actions and the responses of the central banks. But by and large, I think that the central banks have responded forcefully in a very agile fashion,” Carstens said.
More.
Yeah, inflation is so tame in the Euro Area the ECB is waiting to move until "next month".
