In a situation with already elevated inflation, the war in Ukraine and the zero-covid policy in China have led to … that inflation proves to be more persistent than central banks expect. In such a case, central banks would need to step on …

historisch niedrigem Niveau. Die Inflation ist zwar gegenüber dem Höchststand Ende 2022 deutlich zurückgegangen, zuletzt aber nur … up as the dampening effects of the inflation shock have run their cause but, at the same time, the expansion in the … a historically low level. Inflation has fallen significantly compared to the peak at the end of 2022, but has only …