Central banks to take rates higher, not lower, in 2023 – BMO CentralBanks InterestRate Banks Inflation
Core inflation will prove to be more persistent
“Given our view on core inflation, we believe the main story is that there will be no scope for rate cuts in the year ahead, and that central banks will maintain these relatively high rates until underlying inflation is truly cracked – and that process will take time. We don’t look for rate relief until 2024.”
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