Inflation focus
The ECB’s decision to lower its key policy rates by 25 basis points this week, while widely anticipated, underscores a shift in focus, with central banks now prioritizing economic growth. This marks a departure from the post-pandemic period when monetary policy had been calibrated to curb inflation. In our charts this week we take a closer look at the global inflation scene. In particular we home in on:
· The global inflation consensus
· Capacity pressures
· Unit labour cost inflation
· Labour market flexibility
· Remote working trends
· AI’s productivity potential
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.