Supply-side pressures likely to persist – Carstens

Agustín Carstens
Photo: BIS

Far from being transitory, many pressures on the supply side of the economy are likely to persist, adding to inflation over the long term, Agustín Carstens told the Jackson Hole gathering of central bankers on August 26.

The Bank for International Settlements general manager said the world could be “on the cusp of a historic change”, as the “tailwinds” that kept supply plentiful turn to “headwinds”.

Even as the shocks of the Covid-19 pandemic and the war in Ukraine fade, there are reasons to

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