Benoit Mojon News Today

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful? The debate is heating up as European Central Bank policymakers meet th...

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?- Some proponents of the rate hikes argue that regardless of the source of inflation, unless central bankers showed they were serious about tackling it, expectations of persistent and widespread price increases would only grow.

Both sides of the inflation debate speak with confidence about what will happen next. But the history of price forecasting suggests humility is in order.