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Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

  • Written by: Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City, University of London
Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflationCentral bankers, policymakers and academics meet annually at Jackson Hole, Wyoming to discuss the economy.Sarah Hollemans/Shutterstock

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

Other major central banks, such as the...

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