Analysis

Central banks rush to quell the inflation they helped stoke

Supply-chain snarls and Russia’s invasion of Ukraine have decisively removed any case for gradualism in combating inflation.

Christopher Anstey

Jul 14, 2022 – 3.57pm

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New York | Central banks across the globe are speeding up interest-rate rises, seeking to crush an inflation surge partly of their own making.

Canada’s central bank on Wednesday (Thursday AEST) increased with a greater-than-expected full percentage point following two half-point moves.

Bloomberg

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