Raghuram Rajan: Brace for stronger inflation and possibly weaker central banks
Faced with societal ageing, de-globalization, climate change, anti-immigration sentiment and technology advances, central banks can expect pressure from various directions. The shifts underway could entrench price pressures and cramp their independence.
Faced with societal ageing, de-globalization, climate change, anti-immigration sentiment and technology advances, central banks can expect pressure from various directions. The shifts underway could entrench price pressures and cramp their independence.