Thursday, May 24, 2007
Inflation, inflation, inflation
FT.com: OECD warns on risk of higher inflation
The world’s central banks should “err on the side of tightness” in the face of inflationary pressure, the Organisation for Economic Co-operation and Development said on Thursday.
In its twice-yearly Economic Outlook, the Paris-based organisation urged central banks, with the exception of Japan, either to raise interest rates or take their time before cutting them, because of strong domestic demand which had increased the the risk of higher inflation.
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