28 November 2023
Global central bankers are expressing concerns over the future of monetary policy amidst varying economic challenges. The Reserve Bank of Australia notes economic resilience and persistent services inflation. The Bank of England discusses ongoing uncertainties despite expectations of sustained high rates. The Bank of Spain warns of short-term profitability and upcoming credit risks, while the Bank of Thailand highlights high household debt and SME sector challenges. Former RBA Governor Philip Lowe emphasizes the need for central banks to effectively manage inflation to maintain credibility.