BIS: Leading economies are close to “tipping” into a high-inflation world...
... where rapid price rises are normal, dominate daily life and are difficult to quell, the Bank for International Settlements warned
In its annual report, the BIS said these transitions to high-inflation environments happened rarely, but were very hard to reverse.
Chris Giles FT 26 June 2022
https://www.ft.com/content/b937e023-c86c-4b07-b40d-a3266d84f149
BIS Annual Economic Report 2022
https://www.bis.org/publ/arpdf/ar2022e.htm
BIS Annual Economic Report 2021
https://www.bis.org/publ/arpdf/ar2021e.htm
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