Carstens: world may be on ‘cusp of a new inflationary era’
BIS chief warns new inflationary forces “have emerged with a vengeance”
High inflation has caught many economists off guard and is now likely to persist for some time, requiring central banks to readjust their thinking, Agustín Carstens said today (April 5).
The Bank for International Settlements general manager said high demand for goods is proving persistent, while bottlenecks remain in key supply chains. At the same time, new forces are adding to the surge in prices, such as the impact of the war in Ukraine. Inflation is becoming broader, spreading into services
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