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The Central Banks, Between the Sword and the Wall
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Jack Janasiewicz Market Consensus (Natixis IM) Central bankers around the world are finding themselves between the sword and the wall, as energy prices skyrocket and shatter the global economy. As the risks of rising inflation and slowing growth increase with each rise in crude oil prices, the response function of monetary policy becomes weak. However, not all central banks are the same. And the political response [...]
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