Expert warns central banks not raising interest rates quickly enough to stem inflation crisis | Business Post

📆 08/05/2022 08:37 p. m.
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Central banks are not raising interest rates fast enough to contain the current inflation crisis, and a wage-price spiral is already taking hold in the US economy, the head of a leading global asset manager has said.

Michael Kelly, PineBridge Investments: said central banks urgently needed to raise base interests rates “to or through” the real rate of inflation

Michael Kelly, managing director of global assets for PineBridge Investments, which manages a portfolio worth $133 billion, said central banks urgently needed to raise base interests rates “to or through” the real rate of inflation, which he said...

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