Evolving Monetary Policy News Today

The recent inflation increase across advanced economies has rekindled a debate about the risk of wage–price spirals. This column looks at pass-through from labour cost to price inflation for the US and euro area countries, and finds that the risk is state dependent. Wage–price spirals are less likely with low inflation and anchored expectations. The pass-through is also

Finance - The operational framework of monetary policy consists of the whole set of tools and procedures by which the central bank implements monetary policy in