Monetary policy could face ‘tougher tests’ ahead, BIS warns
Soft landing “in sight”, but pricing imbalances, fragile fiscal policy and financial vulnerabilities loom
The Bank for International Settlements says central banks are likely to pull off a soft landing as inflation returns to target around the world, but warns bigger challenges may lie ahead.
The institution’s annual economic report, published today (June 30), leads with the headline, “so far, so good”. The world is leaving behind the worst effects of the Covid-19 pandemic and commodity price shock from the war in Ukraine. Inflation is heading towards target in many countries, and the financial
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