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Harvest finance price prediction 20221/23/2024 ![]() ![]() ![]() “Our main strategy was to ensure that demand factors were under control by increasing the policy rate,” he says. Research by the central bank of Azerbaijan showed inflation largely due to external supply factors over which monetary policy tools would have little impact, according to Governor Taleh Kazimov. Some central banks have limited policy tools. “Returning to the inflation target by the end of next year is likely to require a contractionary monetary policy stance for a relatively long period of time.” Yet with current production “well above the pre-pandemic trend,” he adds, “This slowdown will help the Colombian economy achieve a more sustainable growth path.” Nevertheless, “uncertainty remains high,” warns Colombia’s central bank governor, Leonardo Villar. “The policy rate tightening and macroprudential adjustments have played a role in preventing second-round effects on inflation.” “The early signs of success are now becoming evident,” says Governor Byadran Lkhagvasuren. “The rapid initial monetary policy reaction and the recent progress in inflation have allowed the monetary easing cycle to begin in some economies, such as Chile and Brazil.” SUCCESS AGAINST INFLATIONĬhile is not alone Bank of Mongolia (BOM) tells a similar story. ![]() “The inflationary scenario in Latin America improved for most large economies,” says Rosanna Costa, governor of the central bank of Chile, attributing the succcess to early rate hikes and fiscal deficit reduction. So far, they seem to have pulled off this balancing act. Even central bank governors whose mandates center on currency rates or financial system stability have had to cope with the same inflationary pressures. For many central bankers, the central task of the past year has been to stabilize prices without sending the national economy into a tailspin. ![]()
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