Major central banks are on the brink of peak rates — but the inflation battle might not be over

Major central banks are on the brink of peak rates — but the inflation battle might not be over

From cnbc.com

The central banks of some of the world’s biggest economies are now widely considered to have reached, or be at the brink of reaching, the highest level they will take interest rates. The European Central Bank last week signaled that its Governing Council feels rates may have got there. Following a long deliberation over its updated forecasts for inflation and economic growth and what they should mean for monetary policy, the ECB hiked its key rate to a record high of 4%. While its accompanying statement by no means ruled out further hikes completely, it said rates were at levels that if “maintained for a ... (full story)

For the fact that inflation is still rearing it ughly head interest rate implementation is still on the table.

As long as oil is surging up up up inflation will be a long long way from over.

"Pride always comes before destruction...." -Proverbs 16:18

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