Monetary policy: An RBA signage at the central bank’s head office in Sydney. The bank, which raised its benchmark interest rate by another 50 basis points on Tuesday, insisted borrowing costs are not on a “predetermined course.” — Reuters
WILL robots also take jobs in central banks? Despite protestations to the contrary, the course of interest rates appears to be on autopilot in many economies.
The highest inflation in a generation means officials are moving forward with deliberations toward a pronounced slowdown, if not global recession. If a downturn is coming, it will be one that is front-loaded.
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