Wall Street Journal (June 20)
2023/ 06/ 21 by jd in Global News
“The world’s central banks underestimated inflation last year. They are trying not to make the same mistake twice.” But they are “in a tricky spot. They need to decide if inflation has stalled way above their 2% target, which could require much higher interest rates to fix, or if inflation’s decline is only delayed. Get the call wrong, and they could push the rich world into a deep recession or force it to endure years of high inflation.”
Tags: 2% target, Central banks, Deep recession, Delayed, Inflation, Interest rates, Mistake, Rich world, Stalled, Tricky spot, Underestimated
