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MNI: Little Central Bank Pivoting Until 2024, OECD Says

(MNI) OTTAWA

Fiscal policy should also avoid adding to inflation problem, OECD says.

Central banks need to keep tightening through 2023 to get inflation back under control and only in 2024 will some including the Fed provide relief to assist a rebound in economic growth, the OECD said Tuesday.

"This strategy is starting to pay off," according to a revised global economic outlook from the Paris-based group led by interim chief economist Alvaro Santos Pereira.

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Central banks need to keep tightening through 2023 to get inflation back under control and only in 2024 will some including the Fed provide relief to assist a rebound in economic growth, the OECD said Tuesday.

"This strategy is starting to pay off," according to a revised global economic outlook from the Paris-based group led by interim chief economist Alvaro Santos Pereira.

Keep reading...Show less