GPP 2021

Central banks should react to inflation before it is too late

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 –...

https://allaboutshipping.co.uk/2021/12/08/central-banks-should-react-to-inflation-before-it-is-too-late/

Too many opinions are confusing US inflation outlook

Too many opinions are confusing US inflation outlook

Monday 29 November 2021 – Vol.12 Ed.48.1

Commentary: US inflation debate creates unwarranted gloom

By Mark Sobel in Washington DC

Surging inflation has been front-page news recently. With the October year-over-year consumer price index jumping to above 6%, this is understandable. But the search for headline-grabbing stories and polarised US political debate make it hard for Americans to grasp a confusing picture. Gloom pervades, yet the 2022 US...

https://allaboutshipping.co.uk/2021/11/29/too-many-opinions-are-confusing-us-inflation-outlook/

Policy-makers must learn from past to navigate uncertain post-Covid-19 future

Policy-makers must learn from past to navigate uncertain post-Covid-19 future

Tuesday 23 November 2021 – Vol.12 Ed.47.2

Commentary: Look at 1960s, not 1970s, to learn how US inflation took hold

By David Marsh in London

Central bankers have been playing down concerns about higher inflation by affirming there is no danger of a return to the wage-price spirals of the 1970s. In examining historical parallels with America’s latest 6.2% inflation rate, analysts may be looking at the wrong period. The...

https://allaboutshipping.co.uk/2021/11/23/policy-makers-must-learn-from-past-to-navigate-uncertain-post-covid-19-future/