Financial Times/Martin Arnold and Valentina Romel/4-5-2022
Cartoon courtesy of MichaelPRamirez.com
“Agustín Carstens, general manager of the BIS, the umbrella body for central banks, pointed to a ‘new inflationary era’ amid signs that price expectations of consumers and businesses are becoming ‘unmoored’ from their historically low levels.”
USAGOLD note: We referenced this report in Wednesday morning’s Daily Market Report and repost it now for those who may have missed it. A generation, says Carstens, is “learning that rapid price rises are not merely the stuff of history books.”
