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The Impact of Interest Rates on the Economy: How Long and How Variable?

| August 30, 2023

Today we so often hear central bankers discuss “long and variable lags” in monetary policy that it almost appears cliché. Despite extraordinarily steep increases in rates over the past eighteen months, the economy hasn’t slowed as one might expect. Just how long and how variable might we expect these lags to be?

Read more in this week’s Markets in a Minute