Common system dynamics insight – delay makes thing worse:

“We are seeing the central banks trying to play catch-up and facing such intense inflationary pressures, in some cases, because they ran a monetary policy, set interest rates … too low for too long, on purpose,” said Chamie.

“Now they have to pay the piper. And it is time to hike rates, probably more so than what they would have had to have done if they’d just started hiking rates sooner.”


from this article.

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