TCorp’s chief economist says the current inflation bout might end sooner than the market expects, but central banks face a longer-term inflation concern.
from the Reserve Bank, it’s the lifting cycle that comes after this one that most interests Brian Redican.
“I don’t think it’s quite as urgent here as it is in the US, where wages growth has been much stronger,” he says. The factors that have pushed inflation higher in this current episode underpin Redican’s longer-term view. Not only are the cheap and flexible global supply chains of the past decade likely gone, but the challenge posed by the energy transition means sudden spikes in energy prices are likely to be frequent.
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