Hugh Gimber: Red hot inflation is not distracting the central banks from going green

'Real action' needed

Central bank actions have created no shortage of headlines in 2022. Faced with inflation running at multi-decade highs, policymakers are caught between the proverbial rock and a hard place.

Should they tighten policy aggressively and risk triggering a deep recession, or do too little and watch inflation expectations de-anchor as a result? The market's angst about the prospect of tighter policy ahead has been clear for all to see. Against this backdrop, it is fair to say policymakers have their hands pretty full. Yet this is precisely why a headline of a different nature caught my attention recently. Despite being faced with one of the most complex macroeconomic outlooks in nearly fifty years, the European Central Bank has recently declared its intention to turn the fight ag...