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BIS focuses on 'restoring low inflation'

Central bankers face "difficult choices" as they grapple with raising rates to tame inflationary pressures that probably won't ease anytime soon.

Agustín Carstens, general manager of BIS, shakes hands with Mario Marcel Cullell, then-governor of Chile's Central Bank
Agustín Carstens, general manager of BIS, at right, shakes hands with Mario Marcel Cullell, then-governor of Chile's Central Bank, in 2019 (AN/Central Bank of Chile)

BASEL, Switzerland (AN) – Central bankers face "difficult choices" as they grapple with raising rates to tame inflationary pressures that probably won't ease anytime soon.

That's the main message from the chief of the Bank for International Settlements, the Swiss-based international organization that functions as the central bank for central banks, while issuing its annual report on Sunday.

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