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Major economies are walking a tightrope, trying to curb inflation without sinking their economies. The U.S. Federal Reserve, the European Central Bank and the Bank of England have all hiked interest rates in a prolonged battle against stubborn inflation. Can the U.S. and Europe tame the persistent inflation woes? Can we expect the tightening of monetary policy in major economies to continue throughout the whole year of 2023?
By China PlusMajor economies are walking a tightrope, trying to curb inflation without sinking their economies. The U.S. Federal Reserve, the European Central Bank and the Bank of England have all hiked interest rates in a prolonged battle against stubborn inflation. Can the U.S. and Europe tame the persistent inflation woes? Can we expect the tightening of monetary policy in major economies to continue throughout the whole year of 2023?