Inflation Is the Biggest Test Yet for Central Bank Independence

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  Anton Muscatelli, Principal and Vice-Chancellor, University of Glasgow. ____ Central banks are being tested by the recent resurgence in inflation, with the US recently reporting an annual rate of inflation of 6.8%, the highest in nearly 40 years. The question they are all asking is whether this inflation is temporary (“transitory”) or persistent. ... Read More: Inflation Is the Biggest Test Yet for Central Bank Independence
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