monetary policy and Covid management

Central Bank Thinking in Addressing the Spike in Inflation

December 17, 2021

The following excerpts from the Bank of Russia governor explaining today’s sharp interest rate hike epitomized the dilemma of many central bankers around the world coming to terms with an inflation spike caused by mostly supply bottlenecks that has lasted longer than anticipated. Our special focus is to ensure that the monetary policy is well-balanced. […] More