Inflation: the tough beast tamed?
Article by Carsten Klude
Since the financial and economic crisis of 2008/2009, inflation rates in many countries have been very low - in the view of many central banks, even too low at under two percent. However, the outbreak of the coronavirus pandemic and the Russian attack on Ukraine turned the tide and led to the OECD inflation rate peaking at well over ten percent in the fall of 2022.
Since then, however, inflationary pressure has eased significantly. Fortunately, this development is not limited to a few countries, but is a global phenomenon. So has inflation been tamed? What factors are decisive for the further development of the inflation rate and what implications does this have for the monetary policy of central banks? Find the answers in today's issue: