Central banks are incurring losses, but critics’ concerns are overblown

Patrick Honohan 

First came the surge in inflation, which central banks did not foresee or prevent. Now as interest rates rise, many central banks around the world are reporting heavy financial losses on the financial assets they acquired over the previous decade—a further reputational blow because central banks have tended to make profits year in and year out.

Πηγή: www.piie.com/

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