Reuters – Central banks risk losing the battle for stable prices as long-dormant inflation narratives and memories reawaken, adding a more complex psychological twist to task than simply tightening monetary policy. Far from being solely an excess money thing, as strict monetarists insist, many economists reckon the return to a high inflation regime relies as
Comment: Inflation narrative a ‘virus’ and policy headache
Once the expectation of inflation is established, it’s tough to root out
