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Is the low inflation era really over?

At the recent ECB’s annual forum, the world’s top central bankers argued that a return to a world of low inflation was unlikely. It is true that sustained undershoots of inflation targets are probably a thing of the past. However, policymakers’ renewed focus on fighting inflation suggests that we are not about to enter a sustained period of significantly higher rates of inflation.
Vicky Redwood Senior Economic Adviser
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