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    HomeNewsOpinionWe are too obsessed with monetary policy

    We are too obsessed with monetary policy

    Inflation would indeed be higher today had central banks not raised rates. But this latest inflationary episode was driven by supply shocks, which interest rates cannot directly and rapidly remedy

    Financial Times
    ©The Financial Times Limited 2020 Feb 8, 2024 / 12:53 PM IST
    All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
    The effectiveness of monetary policy also depends on the structural economic drivers around it
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