Central banks face challenges controlling inflation due to rising rents in US, UK, Canada, and Australia.

Rising rents across the US, UK, Canada, and Australia are presenting challenges for central banks in their efforts to control inflation, as surging rental costs act as a persistent barrier to reducing overall price levels. High demand for housing, limited supply, and a shift in housing preferences due to the pandemic are contributing to this persistent issue. Central banks are closely monitoring this issue and considering the impact of high rents on overall inflation.

May 08, 2024
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