War complicates central banks’ path

Transitioning into the year 2022, major central banks seemed to be sticking on to their plan to tighten policies. One example is when the Bank of England (BoE) raised interest rates for the second time in three months on Feb 3 to contain surging inflationary pressure

AFTER a spectacular yet fragile recovery made by global economies from the adverse effects of the pandemic, central banks’ hawkish sentiment dived towards the end of 2021 when inflation hit multi-year highs, beating market forecasts and triggering alarm for central banks.

Transitioning into the year 2022, major central banks seemed to be sticking on to their plan to tighten policies.