UP 256: Not so transitory inflation

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By and large, central bankers around the world now seem to accept that high inflation will last longer than originally expected. Most still seem to expect a return to more normal rates in 2022 but the recent sharp jump in energy costs has pulled forward many investors’ view of monetary tightening. Against a backdrop of slowing economic growth, this week’s global podcast considers the tricky decisions facing the policymakers.

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