Outlook 2024 – Consequences of the new inflation regime
The policy mistakes of recent years / Inflation: Something sticks
Commerzbank Economic Research
November 10 2023
The development of inflation and the economy in the past two years cannot be understood without the previous history. In the years before the Covid pandemic, the actions of Western central bankers were characterized by the fear of supposed deflation. They invested huge sums in the purchase of government bonds and frequently lowered key interest rates into negative territory.
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