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 The Silver War: How China's Stockpiling Affects World Markets READ MORE Turkey's Inflation Climbs to 75.5%, Policymakers Hope for Relief READ MORE Inflation Shifts American Dining Habits: Home Cooking is Back READ MORE Gold Beans: The New Investment Craze Among China's Youth READ MORE Yellen says U.S. Economic Performance 'Vindicates' Heavy COVID-Era Spending READ MORE Add a Comment Cancel replyYour email address will not be published.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