"Raising rates into an oil shock . is the central banking cousin of Flat Earth belief," argues...

|By:, SA News Editor

"Raising rates into an oil shock ... is the central banking cousin of Flat Earth belief," argues Ambrose Evans-Pritchard. The ECB will do well to read a paper by Ben Bernanke that (shockingly) blames central banks for hiking rates as the reason oil spikes lead to recessions.