Global central bank chiefs prioritising inflation fight

The Star Business LogoThe Star Business1 mo ago

Global central bank chiefs prioritising inflation fight

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LISBON: Bringing down high inflation around the world will be painful and could even crash growth but must be done quickly to prevent rapid price growth from becoming entrenched, the world’s top central bank chiefs say.

The ECB has already flagged rate hikes in both July and September while the Fed increased rates by 0.75 percentage points in June and may opt for a similar move in July.

Engineering policy tightening to avoid a recession in the United States is certainly possible, Powell said, adding that the pathway was narrow and there were no guarantees of success.“Is there a risk that we would go too far?

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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Economy Economy Powell Inflation /Business/Business News Central banks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 00:00:00

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 527 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 24032

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website:

Update Frequency: 34 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 13h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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