Economic research chief Claudio Borio says it’s important to not declare victory too early
Investors need to be ready for renewed global central bank aggression should the inflation environment require it, according to a senior Bank for International Settlements official on Monday.
“There is nothing wrong with central banks slowing the pace of tightening and then adjusting it, possibly having to accelerate it again,” said Claudio Borio, head of economic research at the BIS. “The most important thing at this stage is not to declare victory too early.” ..
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