Opinion

Six inflation mistakes that central banks make

The world’s central bankers have to act tough now because they succumbed to complacency, over-confidence in models, distraction and even politicisation.

Bryce Wilkinson

Jul 27, 2022 – 12.19pm

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Since 2019, central banks have presided over perhaps the largest monetary stimulus the world has ever seen. Despite this, the surge in inflation surprised them.

They did not forecast current inflation. When it started emerging, they said it was temporary.