The world's major central banks are hesitant to declare victory over inflation, with the OECD emphasizing the need for restrictive monetary policy. The OECD suggests that while the Fed may cut rates in Q2 and the ECB in Q3, the policy stance should remain restrictive. The current situation is described as 'non-inflationary growth' with labor hoarding, favorable disinflationary dynamics, and stronger productivity, indicating that policy can be gently eased.
Why central banks are reluctant to declare victory over inflation ▶️Important to stress that we're currently experiencing "non-inflationary growth" w/ labor hoarding, favorable disinflationary dynamics & stronger productivity. Policy can be gently eased https://t.co/Rb6wi0m1CN https://t.co/CzVPSS7cFq
The world’s major central banks mustn’t drop their guard in the fight against inflation, the OECD says https://t.co/1YrTwrALnm via @economics
Too soon to cry victory on inflation, OECD tells central banks https://t.co/JHm9m2QYH7 via @WHorobin https://t.co/AF9DYJN5xE
The world’s major central banks mustn’t drop their guard in the fight against inflation, the OECD says https://t.co/28Jawnt77F
🔴 OECD: MONETARY POLICY SHOULD REMAIN RESTRICTIVE FOR SOME TIME.
🔴 OECD SEES THE FED CUTTING RATES IN Q2, ECB IN G3, BUT ADDS POLICY STANCE SHOULD REMAIN RESTRICTIVE FOR SOME TIME.
Why central banks are reluctant to declare victory over inflation via @FT https://t.co/hDHulFIeCs
Because inflation is well above the actual 0% price stability level Why central banks are reluctant to declare victory over inflation https://t.co/6E7QLfVpF1
From the @FT article on "Why central banks are reluctant to declare victory over inflation" by @Sam1Fleming, @senoj_erialc and @MAmdorsky. (The link to the article: https://t.co/73sTuQx1Gy ) #economy #centralbanks #markets #inflation #econtwitter #ECB #Federalreserve #BoE https://t.co/gksbX8d8wO