World’s central banks got it wrong, and economies pay the price - Sydney Morning Herald

Even after central banks recognised they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, roiling markets and threatening greater damage to their credibility.

Belief among households and companies that central banks will succeed in meeting their inflation goals over time helps to moderate price pressures. Households might hold off on some purchases, confid… [+4809 chars]

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