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Monetary Policy Benchmarks 2022 – presentation
Central Banking’s economics subject matter specialist Daniel Hinge discusses monetary policy after Covid-19
Over two years on from the outbreak of Covid-19, monetary policy is emphatically in a new phase worldwide, switching to the task of fighting high inflation.
But the legacy of the pandemic is still reflected in many central banks’ policy frameworks, benchmarking data shows. For instance, asset purchase programmes are now widely used by central banks in all income groups.
Those programmes, while arguably necessary during the crisis, are now creating problems for central banks as interest rates
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