(Morning News) The International Clearance Bank (BIS) of the World Bank calls on countries to "quickly and decisively" increase interest rates to prevent the exertion of inflation from evolving into a greater problem.
International Clearance Bank, headquartered in Switzerland, has held perennial meetings in recent days. The senior management of central banks in various countries gathered to discuss their current difficulties and the most turbulent year of the global financial market.
The soaring energy and food prices means that inflation in many places is now the worst in decades.However, remedial measures that are usually used in interest rates are becoming a ghost that triggers economic recession, and even the terrible "stagflation" of the 1970s, that is, the price increase and low economic growth or negative growth.
Agustín Carstens, general manager of the International Clearance Bank, said in the annual economic report published by the year (26th) of the year (26th): "For the central bank, the key is that before the inflation becomes deep, quickly, quickly quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, quickly, he will quickly get fixed.Take a decisive action. "
Castence emphasized to take action in the next quarter." If inflation becomes deep and fixed, the cost of re -control will be higher. Keep your families and enterprises.Stable long -term interests exceed any short -term costs. "
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