For central bankers, the world has changed abruptly. After more than a decade of low inflation and interest rates, policymakers are now in an environment of high inflation, where there is not time for ponderous decisions — only swift and decisive action
SINTRA, Portugal — For central bankers, the world has changed abruptly. After more than a decade of low inflation and interest rates, policymakers are now in an environment of high inflation, where there is not time for ponderous decisions — only swift and decisive action.
This was the verdict among policymakers and economists who gathered in a luxury golf resort northwest of Lisbon, Portugal, this past week for the European Central Bank’s annual forum.
Since 2014, this annual meeting in Sintra has been preoccupied by one major goal: how to stoke inflation in the eurozone.
©2019 New York Times News Service