Every central bank failed to predict inflation from covid stimulus, or thought that the risk of inflation was worth taking to prevent economic collapse.
More targeted stimuli might have helped the longterm inflation figures and it might have made more sense doing that in hindsight. However it is hard to tell what problems might have arisen if they had taken that route at the time.
Every central bank failed to predict inflation from covid stimulus, or thought that the risk of inflation was worth taking to prevent economic collapse.
More targeted stimuli might have helped the longterm inflation figures and it might have made more sense doing that in hindsight. However it is hard to tell what problems might have arisen if they had taken that route at the time.