How should central banks respond to US tariffs?
The Economics Show
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Navigating Monetary Policy Amid Global Challenges
This chapter explores the intricate relationship between international economics and monetary policy, particularly in light of inflation driven by external market factors. The discussion centers on the complexities of wage-setting, consumption trends, and the challenges policymakers face in adapting to rapidly changing economic conditions and data accuracy. Personal reflections from members of the Monetary Policy Committee highlight the delicate balance needed in decision-making and the impact of global trade dynamics on domestic inflation.
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