Breaking: Tenreyro: Back to 2% Inflation?

Rise in energy prices was a large terms-of-trade shock. • Large cross country differences in effects and required responses. • Policymakers, including in the UK, tightened policy sharply. • Shape of the shock + policy lags: • Limits to how much could be offset. • Suggests risks of overtightening (undershooting 2% target in medium term). US terms of trade ...     Alert Feb 24, 2023, 10:37pm Breaking: Tenreyro: Back to 2% Inflation? Rise in energy prices was a large terms-of-trade shock. • Large cross country differences in effects and required responses. • Policymakers, including in the UK, tightened policy sharply. • Shape of the shock + policy lags: • Limits to how much could be offset. • Suggests risks of overtightening (undershooting 2% target in medium term). US terms of trade ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support