Economics
What Divides Top Central Banks on Inflation
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Important differences in underlying inflation trends call for different policy outlooks among the world’s top central banks, according to Bloomberg Economics. The Federal Reserve will have to go well into restrictive territory, the Bank of England may go a little above neutral and the European Central Bank might not even get that far. The US’s red-hot labor market make services an outsized driver of price growth, and that’s the kind of inflation which doesn’t disappear on its own, forcing Fed action.
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