21 November 2023
More pain to come from lagging monetary policy impact
Author: Innes McFee, Oxford Economics
Last year’s aggressive monetary tightening will continue to weigh on the level of GDP for the rest of this year, and the transmission to inflation will be even slower. Barring further deterioration in financial conditions, this supports our baseline view of weak growth in the major advanced economies and sticky core inflation.
Read Innes McFee’s More pain to come from lagging monetary policy impact.