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World

Eighteen months of inflation is not 'transitory'

13 November 2021

11:25 AM

13 November 2021

11:25 AM

The big central banks have been insisting for months now that the rise in inflation is temporary, and will fade once the great awakening of the world economy starts to settle down. The Federal Reserve, Bank of England and the European Central Bank have looked on as inflation has overshot their forecasts.

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