Central Banks
Inflation Fight Must Remain Top Priority, BIS’s Carstens Urges
- He warns central banks against letting up too early with cuts
- ECB, Fed, BOE meet this week and next as markets weigh easing
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Central banks mustn’t lower interest rates prematurely — even as they look set to tame the surge in consumer prices without crashing their economies, according to the head of the Bank for International Settlements.
“Recent developments allow us to look at the future with cautious optimism,” General Manager Agustin Carstens said in speech Monday in Basel. “But the job is not complete yet.”