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Bill Mitchell — IMF and World Bank at odds with each other over interest rate hikes

Summary:
Today, Wednesday, we have our regular musical feature (might surprise today) as well as a brief commentary on the growing friction between the IMF and the World Bank on what governments and central banks should be doing to address the current inflationary pressures. One [IMF] says hike rates (apparently thinking that will get Russia to withdraw, Covid to go away and OPEC to behave) while the other [WB] says provide better income support and wait out this transitory inflationary phase....Bill Mitchell – billy blogIMF and World Bank at odds with each other over interest rate hikesBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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Today, Wednesday, we have our regular musical feature (might surprise today) as well as a brief commentary on the growing friction between the IMF and the World Bank on what governments and central banks should be doing to address the current inflationary pressures. One [IMF] says hike rates (apparently thinking that will get Russia to withdraw, Covid to go away and OPEC to behave) while the other [WB] says provide better income support and wait out this transitory inflationary phase....
Bill Mitchell – billy blog
IMF and World Bank at odds with each other over interest rate hikes
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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