“Front-loading” monetary tightening: pros and cons
BISness
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The Risks of Front Loading Monetary Tightening
The BIS is keeping a close eye on the impact of monetary policy tightening, says M. Ethanzadeh. Large interest rate hikes are something that banks and central banks are reluctant to do because they imply large movements in asset prices. But there's no easy answers for central bankers, but I think this kind of bulletin contributes very much to their work," he adds.
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