Muh transitory inflation, not
Not so transitory inflation
By and large, central bankers around the world now seem to accept that high inflation will last longer than originally expected. Most still seem to expect a return to more normal rates in 2022 but the recent sharp jump in energy costs has pulled forward many investors’ view of monetary tightening. Against a backdrop of slowing economic growth, this week’s global podcast considers the tricky decisions facing the policymakers.