Financial Times – Central banks vow to stay the course on high rates until inflation is tamed 

The Financial Times reports that investors have been put on notice that central bankers on both sides of the Atlantic will “stay the course” on interest rate increases to cool their economies and tame high inflation. 

FT says Investors have been put on notice that central bankers on both sides of the Atlantic will “stay the course” on interest rate increases to cool down their economies and tame high inflation.

European Central Bank president Christine Lagarde warned that further big rate rises lay ahead in comments later echoed by a top official at the US Federal Reserve.

“We shall stay the course until . . . we can return inflation to 2 per cent in a timely manner,” the ECB president said in a panel discussion during the World Economic Forum.

Lael Brainard, the vice-chair of the Fed, signalled that the US central bank also had more to do to get inflation closer to its 2 per cent target, despite signs that consumer spending is starting to ebb, the labour market is cooling and price pressures have eased.

Read here: Central banks vow to stay the course on high rates until inflation is tamed 

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