The Risks of Inflationary Risks in Recent Times

The latest headlines in the UK imply inflation have peaked and as a consequence so have interest rate hikes. Are we being lulled into a full sense of security? Well, I think here the issue is partly about trade-offs. We know that energy prices are likely to fall or have fallen already unlikely to push headline inflation lower during the course of this year. But at the same time, depending on where you look in the world, you'll find that so-called core inflation still very elevated. Wage growth is quite firm in many parts of the world. So it's been a kind of wage response to the price increases that we've already seen. And I think also there's a risk