Reality check: Central banks confront inflation's resilience
Edited By WION Video Desk
Published: Jun 27, 2023, 05:30 IST | Updated: Jun 27, 2023, 05:30 IST
Inflation, the lingering adversary of central banks, continues to confound policymakers worldwide. Gita Gopinath has raised a red flag, warning that the battle to tame inflation may take longer than anticipated. At the European central bank's annual gathering in Sintra, Portugal, Gopinath cautioned that central banks have been underestimating the persistent inflationary pressures, particularly in the services sector.
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