( ) -q-23- UNDATED (Correspondent Jeremy House) “in Sintra, Portugal.” Several of the world’s top central bankers got together, and their message was clear: interest rates are expected to go even higher to combat inflation. [CutID: <Cuts> INTEREST-RATES-house-q-THUam.mp3 Time: 23s Title: INTEREST-RATES-house-q-THUam Out-cue: in Sintra, Portugal] TAG: Correspondent Jeremy House reporting. The outlier is the […]
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Top central bankers: higher rates needed to tackle inflation
( ) -q-23- UNDATED (Correspondent Jeremy House) “in Sintra, Portugal.”
Several of the world’s top central bankers got together, and their message was clear: interest rates are expected to go even higher to combat inflation.
[CutID: <Cuts> INTEREST-RATES-house-q-THUam.mp3
Time: 23s
Title: INTEREST-RATES-house-q-THUam
Out-cue: in Sintra, Portugal]
TAG: Correspondent Jeremy House reporting. The outlier is the Bank of Japan Gov. Kazuo Ueda, who says inflation didn’t justify rate hikes yet.
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VERBATIM: U.S. Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey underlined their determination to bring inflation under control come what may. They pointed to strong labor markets that are helping push up prices. The message came during a panel at the ECB’s annual policy conference in Sintra, Portugal.