European Central Bank President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. REUTERS/Kai Pfaffenbach LONDON  – It is  crunch  time . Major  central  bank s have confounded economists with a  string  of interest  rate  rises that, so far, have mode rate d inflation without causing global recession. Now comes the challenge: how to pause monetary tightening without unleashing market exuberance about future  rate  cuts that would loosen financial conditions and revive price pressures.

https://business.inquirer.net/421210/crunch-time-after-string-of-aggressive-central-bank-interest-rate-hikes

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