European Central Bank (ECB) policy maker Robert Holzmann has warned that the stickiness of inflation is being underestimated, as reported by Pulso - Bloomberg. This sentiment is echoed by the Bank for International Settlements (BIS), which cautions that central banks should set a 'high bar' for interest rate cuts to avoid a fresh flare-up in inflation. Prominent economist Paul Krugman noted that while consumer price inflation, which rose to over 9% in the summer of 2022, has been trending downward, sticky pricing pressure remains a concern. Additionally, the BIS has highlighted the risk of soaring government debt potentially disrupting global financial markets as policymakers weigh up how quickly to ease monetary policy.
Soaring government debt could roil global financial markets, warns BIS director https://t.co/ZHxPCLJJj0
Central banks should set a ‘high bar’ for interest rate cuts, BIS warns via @FT https://t.co/YoG4gN5GXB
Prominent Economist Paul Krugman Says 'Inflation Beaten,' Underlines This As Reason For Sticky Pricing Pressure • Consumer price inflation rose to a high of 9%+ in the summer of 2022 and has been trending broadly downward. • One significant factor keeping the CPI inflation… https://t.co/L0ODhPzTyc
Central banks should avoid cutting interest rates too soon owing to the risk of a fresh flare-up in inflation, the Bank for International Settlements has warned, as policymakers around the world weigh up how quickly to ease monetary policy. https://t.co/rNPvP22CUL
Central banks should set a ‘high bar’ for interest rate cuts, BIS warns https://t.co/XyeT2qbaLo
🇪🇺 #ECB’s Holzmann Says Inflation’s Stickiness Underestimated: Pulso - Bloomberg https://t.co/uB5OurXJGX
#ECB policy maker Robert Holzmann warned that inflation’s stickiness is being underestimated