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Current phase of high inflation may persist for years: BIS chief
Aggressive monetary policies to get it under control are unavoidable, says Agustin Carstens
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Getting inflation under control could take years and there could be some unpleasant side effects.
PHOTO: REUTERS
The 2020s are likely to be the most inflationary decade since the 1980s, and the forceful response of central banks is essential and appropriate.
Getting inflation under control could take years and there could be some unpleasant side effects, but high levels of debt are unlikely to be problematic for financial stability, even as interest rates rise.
