
“Front-loading” monetary tightening: pros and cons
BISness
The Bulletin on Monetary Policy Tightening
The bulletin was published just before Christmas 2022, so very timely and very relevant because we seem to have kind of entered a new phase now of this monetary policy tightening cycle. You've got some major central banks are kind of, or at least they're expected to maybe pair down the size of their rate increases, others are pausing altogether. So there's a lot of questions swirling around about what the next few months and the next year might look like in terms of monetary policies.
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