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

📆 9/5/2022 9:37 AM
📰 businessposthq

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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...

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines