IMF warning central banks to act quickly on inflation
b'Wednesday 13th October 2021The IMF released revised forecasts overnight, together with a warning that central banks need to tighten their monetary policy if inflation persists. Inflation concerns are certainly growing, backed with evidence in numerous surveys. 30% of small business owners in the US said they expect to lift wages, according to the latest NFIB survey. The latest jobs data for the US and UK shows how tight the labour market is, adding to fears of an inflation spiral. NAB\\u2019s Ray Attrill talks through the numbers and the central bank responses, as well as looking ahead to today\\u2019s trade data from China and tonight\\u2019s CPI numbers from the US.
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