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Why are interest rate rises not taming inflation?
为什么加息不能抑制通胀?

Tight labour markets and outright home ownership delay the return to price stability
紧张的劳动力市场和完全的住房所有权推迟了价格稳定的回归。
The world’s central bankers, including Christine Lagarde, Andrew Bailey and Jay Powell, have all tried to raise interest rates to tame inflation

Central banks have been raising interest rates at the fastest pace since the 1990s, but the most severe bout of inflation in a generation is yet to be tamed.

各大央行一直在以20世纪90年代以来最快的速度提高利率,但一代人以来最严重的通货膨胀尚未得到抑制。

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