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Fed's Brainard: Even countries that hiked interest rates ahead of U.S. didn't avoid high inflation

Por: MarketWatch Politics November 29, 2022

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The central banks of Brazil, Hungary, New Zealand, Norway, Peru, Poland and South Korea all began forceful rate hikes in 2021, and the cumulative hikes have taken policy rates in some of these countries above 10%, according to a footnote in her remarks, which summarize her comments on a panel discussion on inflation at the Bank of International Settlements in June. Despite these moves, through September 2022, core inflation in these seven... + full article



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