Overall inflation looks pretty decent right now, but there's a catch—services inflation isn't cooling off as fast as hoped. A central bank board member recently pointed out that strong consumer spending at home, combined with governments pumping more money into their economies, means we shouldn't expect rate cuts anytime soon. The policy stance? Probably staying put for a while. Makes sense when demand is holding up this well and fiscal taps are wide open.
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BrokenRugs
· 12-08 10:50
Service sector inflation is still acting up, so central banks won't be cutting interest rates anytime soon. This round of fiscal brrr is going to continue...
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SadMoneyMeow
· 12-08 10:43
It's the price hikes in the service industry that are the real rip-off. As for rate cuts, we'll have to wait and see.
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SerLiquidated
· 12-08 10:43
Wait, service sector inflation still just won't come down? That's the real trap—just looking at the overall numbers can be misleading.
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StakeWhisperer
· 12-08 10:35
Service sector inflation is indeed dragging things down, so the central bank might as well just do nothing... The government is still handing out money, and consumer demand hasn’t dropped either. I don’t think there’s any chance of a rate cut in the short term.
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gas_fee_therapist
· 12-08 10:23
By the way, this service sector inflation is really a bit stubborn, doesn't seem like a rate cut is coming.
Overall inflation looks pretty decent right now, but there's a catch—services inflation isn't cooling off as fast as hoped. A central bank board member recently pointed out that strong consumer spending at home, combined with governments pumping more money into their economies, means we shouldn't expect rate cuts anytime soon. The policy stance? Probably staying put for a while. Makes sense when demand is holding up this well and fiscal taps are wide open.