Two years into confronting rising inflation, the world’s top central banks are still waiting for a decisive turn in their favor, with monetary policy continuing to edge ever tighter and policymakers promising they won’t relent in defending their common 2% inflation target.
The European Central Bank on Thursday raised its key interest rates by another quarter of a percentage point, but more notably raised its inflation outlook to show prices still rising through 2025 at what ECB President Christine Lagarde said was an “unacceptable level.”
Read More : Central Banks Increasingly Lean Towards Higher Rates, Awaiting Relief on Inflation