Financial TimesThe future of interest rates is a riddle
The return of inflation has changed the world, argues the FT's Martin Wolf. The question is how much. In other words, will it become entrenched or can we return to more moderate price increases?
Curated by informedThe return of inflation has surprised many, including central bankers. So has the resulting rise in nominal interest rates. These surprises have brought others with them, notably a mini-shock to banking.
The question, then, is: “What next?” Will inflation subside to ultra-low pre-Covid levels or will it be a lasting problem, as in the 1970s and early 1980s? What, too, will happen to interest rates?
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