BIS Report Signals Turning Point in Battle Against Inflation The Bank for International Settlements (BIS) has indicated that central banks worldwide are nearing success in their efforts to curb the recent surge in inflation, according to their latest quarterly report. The BIS, known as the central bank for the world’s central banks due to its confidential gatherings of leading monetary policymakers, expresses “cautious optimism” regarding the situation. Claudio Borio, the head of the BIS’s Monetary and Economic Department, highlighted that decisive actions by central banks have effectively prevented inflation from becoming entrenched. He also noted that economic activity has remained resilient and the financial system stable amidst these inflationary pressures. This suggests a positive outlook for global economic stability and the effectiveness of recent monetary policies. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BREAKING: Biden's $5 BILLION Gift Exposed READ MORE Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock Market READ MORE Uganda Joins African Gold Rush to Stabilize Currency and Boost Reserves READ MORE U.S. Deficit Skyrockets in December: A 52% Surge to $129 Billion READ MORE Chinese Gold Trading EXPLODES READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment