Analysis
The global narrative on rate cuts has just been rewritten
Since the start of the year, the global economic narrative has undergone a wholesale re-write, courtesy of sticky inflation.
Michael ReadEconomics correspondent
Attendees at this week’s meeting of the G20 finance ministers and central bank governors in Washington may be suffering from whiplash.
Since the start of the year, the global economic narrative has undergone a wholesale re-write, courtesy of sticky inflation. Tensions in the Middle East mean another large adjustment cannot be ruled out.
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