Patience or paralysis? Economic dangers of Central Banks' caution

Arena Pública

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No one is scoffing at other people’s heads... nor are central banks. While the major central banks of the developed world are more cautious about inflation, Banxico seems willing to continue cutting rates. Last week, the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BoE) chose to keep their rates unchanged. The message was similar in all three cases: the global environment has become more uncertain, the energy c…