Is the Initial Tightening Forceful Enough?

When they finally start tightening, which is in late 20 21, at a time when it was very clear that there was a danger that inflation would rise way above the target. They are to be blamed, not necessarily for being very late, but in a sense, tightening in the wrong way. And such corrections can always be painful. So on your first point, the december 20 21 meeting concluded that continued monetory accommondation is still needed. But, you know, when we read the the monitor policy statements many, many times, we simply couldn't find a good justification for that. In fact, almost any justification for thatma,. let me mention a few important points from