Central banks should react to inflation before it is too late
Wednesday 8 December – 2021 Vol.12 Ed.49.3
Commentary: ECB should follow Fed and tighten policy
By Jacques de Larosière and David Marsh
Decision-makers and commentators who claim that the spike in inflation is transitory are making a mistake. Pre-emptive pronouncements forecasting future abatement of price pressures should be avoided. Instead, it would be better to tell financial markets and the public that the rekindling of inflation –...