Comment: May in Review

Inflation concerns and financial markets volatility returned in the month of May - central bankers around the world, in both the developed and developing world, are suddenly confronted with a very different environment.


The Reserve Bank of Australia surprised the markets by hiking rates, Ben Bernanke found himself accused of miscommunication, and the Bank of England's Inflation Report projected the warned-about "bumpy road ahead".

An alleged "off the record" remark by Ben

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