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Global Central Banks Aren’t Declaring Victory Over Inflation Yet
Central banks aren’t giving up their inflation fight yet with the peak in interest rates still to come in most economies, but pauses will come at some point in 2023 — and perhaps even pivots. After spending 2022 hiking borrowing costs by the most in four decades to restrain the surging price pressures they helped fan and then failed to forecast, Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde are among the international policymakers set to tighten further in the early months of this year. Of the 21 other jurisdictions monitored by Bloomberg, 10 of them are expected to ... (full story)