Business Post's View

Editorial: We need to trust in central banks to steer our economies through uncertain times

In the unpredictable world we now find ourselves in, the current gulf in understanding between central banks and financial markets is filled with risk

European Central Bank: the more officials there insist that interest rates will need to rise further this year to bring inflation under control, the more investors seem to think any pause in inflation means the battle against it has been won

As the world faces the possibility – and perhaps the probability – of a recession in 2023, one question looms over the health of the global economy, the stability of financial markets and the swings in investor sentiment. It is: do central banks really know what they are doing?

From the financial crisis of 2008 to the height of the Covid-19 pandemic, the world existed in an era characterised by two strange beasts: zero inflation ...