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Higher Interest Rates Can Take a Long Time to Bring Down Inflation
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FRANKFURT—The world’s central banks face a nail-biting wait.
They have raised interest rates this year at the fastest pace in decades. But those hikes work with what economists call “long and variable” lags so central banks might not know for years if they have tightened too much, or not enough.
Read more on wsj.comAbout this in other media
ASIC's Longo pledges action against certain ‘high-risk’ crypto products cointelegraph.com /2 years ago
Fed Meeting to Focus on Interest Rates’ Coming Path wsj.com /2 years ago
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