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10 months ago

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Breakingviews - The next revolution in monetary policy is underway

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Breakingviews - The next revolution in monetary policy is underway

Monetary policy, Milton Friedman said, acts on the economy with long and variable lags. Just as important for investors is that the reverse is also true. Monetary policy regimes evolve in response to the changing nature of prevailing economic challenges – though this also takes time. The great debate of the current era is whether the inflation-targeting central banks established in the 1990s are still fit for purpose in the ultra-financialised economies of the 2020s.

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Breakingviews - The next revolution in monetary policy is underway

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Breakingviews - The next revolution in monetary policy is underway

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