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Big central banks hike again with end of tightening in sight (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.zip/post/804727

Archived version: https://archive.ph/tx0dh
Archived version: https://web.archive.org/web/20230728100426/https://www.reuters.com/markets/rates-bonds/big-central-banks-hike-again-with-end-tightening-sight-2023-07-28/

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[–] [email protected] 2 points 1 year ago (1 children)

Why is Japan such an outlier?

[–] [email protected] -2 points 1 year ago (1 children)

https://www.reuters.com/markets/asia/japans-inflation-re-accelerates-june-stays-above-boj-target-2023-07-20/

The BOJ seems to have taken a totally different approach to inflation and actually has an extremely loose policy right now. Even still, inflation has fallen.

Almost like monetary policy is irrelevant...?

[–] thetreesaysbark 2 points 1 year ago (1 children)

Hmm. Just from a cause and effect point of view, this would imply monetary policy is relevant as the country that took a different approach has had different results.

No idea if that's true though as correlation does not equal causation.

[–] [email protected] -3 points 1 year ago

No, the results are the same. Inflation is down across the board regardless of monetary policy.