Inflation – is it coming or not?

In many countries, inflation increased in the spring – especially in April. While there is no need to panic, one should nevertheless be aware of potential inflation risks.

Low interest rates, economic growth, and central bank credibility

In many economies, both real and nominal interest rates have trended downward over the past thirty years. The outbreak of the Covid-19 pandemic seems to further add to downward pressures on interest rates.