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13.12 - 00:49
‘Wake up’: markets warn central banks to get a grip on inflation
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theguardian.comFinancial markets fear the world’s leading central banks are risking “economic disaster” by misjudging the threat of rising inflation and not turning off the stimulus taps that have flooded the global economy with money.
From the Federal Reserve to the European Central Bank, policymakers are grappling with a surge in prices not seen for decades while trying to keep wobbly economies on course to recovery from the ravages of the coronavirus pandemic.
While central banks stick largely to the mantra that inflation is “transitory” and price pressures on everything from timber to turkeys will ease in the coming months, economists, business leaders and investors are ringing alarm bells.
They fear that without swift action, such as a rise in interest
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