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Only one central bank raised rates during 1990 oil shock, Dario Perkins notes

Only one central bank raised rates during 1990 oil shock, Dario Perkins notes
Central bank rate hike in oil surge

Dario Perkins draws attention to central bank policy during the 1990 oil price surge. He points out that only one central bank hiked interest rates in that period and did so while contending with a significant fiscal stimulus.

Perkins invites readers to identify which central bank made this policy move.

Perkins has previously analyzed central bank decisions during periods of economic stress. He commented on FOMC members’ limited changes to their forecasts during a prolonged downturn. In the same analysis, he noted then-chair Alan Greenspan’s continued recession denial.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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