Central Bankers` Burden
Never before had the central bankers such a thin rope to walk, approaching the near zero interest rate level, doing all sorts of things in quantitative easing in an unprecedented way. All this to prevent the world economy going into abyss. It seems like it helped - the big danger is over. But that is only half of the job - the real difficult rope dance has yet to be done. It is the careful tuning of their monetary policy to prevent inflation to rise substantially. without hurting the economic
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