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The OECD sees inflation pressure as broad enough to justify more tightening across several major central banks, not just one. That points to a longer stretch of higher rates across the US, eurozone, Australia, South Korea and Japan rather than a near-term pause.
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The OECD forecasts one more Fed rate hike this year, small further hikes for the eurozone, Australia and South Korea, and continued policy tightening by the Bank of Japan, citing energy price shocks and stronger-than-expected demand reshaping the inflation path.
The OECD sees inflation pressure as broad enough to justify more tightening across several major central banks, not just one. That points to a longer stretch of higher rates across the US, eurozone, Australia, South Korea and Japan rather than a near-term pause.
Jin10·09/23, 04:34 PM
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