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Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review

BISness

CHAPTER

Investing in Inflation

Since we last spoke, growth forecasts have been revised downwards. So this clearly suggests that it is important for central banks to focus on inflation in the short term. But what we also know from history is that if you wait, and if you don't deal with the problems, then these will raise the cars further down the road. And as i mention, it is important to act in a timely and forceful way.

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