Friday 25 March 2022 – Vol.13 Ed.12.5
Commentary: Central bankers will become heroes by retreating from inflation fray
By David Marsh in London
Central bankers look ready to retreat from a frontal assault on inflation – stepping diplomatically away from the purest interpretation of their mandates. Far from attracting opprobrium, they will gain popularity. Experts have long predicted that the age of independent central banks is over. Bowing to political pressures to keep interest rates under...