Central Banks’ Day of Reckoning Is Here
Despite the recent moderation in price increases, high inflation will likely continue to challenge Western economies for a long time. Against this backdrop, central banks must work to restore public trust by abandoning their ivory tower and communicating more effectively with the citizens they serve.
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TÜBINGEN – As energy prices continue to decline and the base effect of last year’s price increases takes hold, inflation rates across the Western world are expected to fall. Even so, prices will likely remain unacceptably high for the foreseeable future, making true price stability a distant prospect.