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European Central Bank and Bank of England both aim to keep inflation expectations controlled by adopting hawkish messaging.
Dario Perkins highlights that while this approach is similar for both central banks, the Bank of England appears to have been more aggressive than necessary. No specific data or time frame is given in the statement.
Perkins has previously pointed out that only one central bank raised rates during the 1990 oil price surge in response to major fiscal stimulus, as detailed here. In his analysis of the U.S., Perkins noted that FOMC members made limited changes to forecasts despite a deteriorating downturn and widespread recession denial by Greenspan, reported here. These observations provide context for his recent remarks on current central bank policy stances.