cross-posted from: https://lemmy.zip/post/804727
Archived version: https://archive.ph/tx0dh
Archived version: https://web.archive.org/web/20230728100426/https://www.reuters.com/markets/rates-bonds/big-central-banks-hike-again-with-end-tightening-sight-2023-07-28/
https://www.reuters.com/markets/asia/japans-inflation-re-accelerates-june-stays-above-boj-target-2023-07-20/
The BOJ seems to have taken a totally different approach to inflation and actually has an extremely loose policy right now. Even still, inflation has fallen.
Almost like monetary policy is irrelevant…?
Hmm. Just from a cause and effect point of view, this would imply monetary policy is relevant as the country that took a different approach has had different results.
No idea if that’s true though as correlation does not equal causation.
No, the results are the same. Inflation is down across the board regardless of monetary policy.