I recently shared my perspective in the @FT on why we cannot rely solely on central bank rate hikes to solve our current inflation challenge.
The most effective solutions actually depend on governments rather than central banks. By actively resolving supply bottlenecks and committing to greater fiscal consolidation, governments can provide the real remedies we need. This approach would also generate additional capacity for the funding of innovations, which ultimately helps to ease the pressure on long-run yields.
You can find the complete article at the link below:
https://www.ft.com/content/d96c37bb-0b9b-4b2f-a6f7-4dbfce047d81
#economy #markets #centralbanks #inflation
The most effective solutions actually depend on governments rather than central banks. By actively resolving supply bottlenecks and committing to greater fiscal consolidation, governments can provide the real remedies we need. This approach would also generate additional capacity for the funding of innovations, which ultimately helps to ease the pressure on long-run yields.
You can find the complete article at the link below:
https://www.ft.com/content/d96c37bb-0b9b-4b2f-a6f7-4dbfce047d81
#economy #markets #centralbanks #inflation