(MT Newswires) -- Mark Carney, the former governor of the Bank of England, has said he expects the US Federal Reserve to raise interest rates again before the end of the year to help curb inflation. He believes that central banks have been slow to realize the gravity of inflation, operating under the old paradigm of lack of demand. However, a series of supply shocks linked to Covid-19, energy and geopolitics have resulted in more than transitory inflation.
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- Mark Carney, ex-BoE: "Central banks have been slow to realize the gravity of inflation"