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 Powel Says Fed on Track to Cut Interest Rates 3 Times This Year READ MORE The Looming Threat of Empty Office Buildings READ MORE Fed's Looming Rate Cut Could Bolster Biden's Reelection Bid READ MORE Gold Prices Dip as Strong Retail Sales Data Reduces Likelihood of Fed Rate Cut READ MORE Debt Avalanche Ahead: BlackRock CEO Sounds the Alarm on U.S. Economy READ MORE Add a Comment Cancel replyYour email address will not be published.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