Bank of Canada Governor Tiff Macklem arrives at a press conference in Ottawa on Oct. 26, 2022.
THE CANADIAN PRESS/Sean Kilpatrick
Because central banks delayed interest rate increases early in the pandemic, they have spent 2022 playing catch-up with runaway inflation.
Only going up.
Oleg Golovnev
Many central bankers and economists are forecasting a return to low inflation within a couple of years, but that’s wishful thinking.
Used car and truck prices are up 31% over the previous year.
AP Photo/David Zalubowski
Inflation is rising at the fastest pace since Ronald Reagan was president.
A lot of hot air.
Africa Studio
Central bankers are coming under mounting pressure to get inflation under control.
Prices, prices, prices.
06photo
Debate is raging about whether the recent burst of inflation is temporary or here to stay.
Rocks and hard places.
exopixel
We could welcome the news that prices have been rising much more slowly since the coronavirus pandemic – or we could get nervous.
Forever?
Metamorks
How many people realise that the central banks’ great programme for reviving the global economy involves hand-picking which companies and sectors to help out?
The new Bailey.
Kirsty O'Connor/PA
The days of using interest rates to keep the wheels on are at an end.
Bank of Japan Governor Haruhiko Kuroda has been trying various expansionary monetary policies to get the Japanese economy going.
Kimimasa Mayama/EPA
The Bank of Japan is trying yet another measure to fight deflation but the economy shows no signs of responding.
Japanese people are losing faith in Prime Minister Shinzo Abe’s fiscal policies.
FRANCK ROBICHON/AAP
Business Briefing: Abenomics fails to address Japan’s true woes
The Japanese government needs to improve job security and address income inequality as "Abenomics" fails to deliver.
rates.
Image sourced from Shutterstock.com
Watch out on budget day for how creative Treasury assumptions are on inflation.
Down but not out.
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The UK has slipped into deflation for the first time since 1960. Here’s why it’s unlikely to stay for long.