Supply-side pressures likely to persist – Carstens
Policy-makers “need to be realistic” about the feasibility of demand management, BIS chief says
Far from being transitory, many pressures on the supply side of the economy are likely to persist, adding to inflation over the long term, Agustín Carstens told the Jackson Hole gathering of central bankers on August 26.
The Bank for International Settlements general manager said the world could be “on the cusp of a historic change”, as the “tailwinds” that kept supply plentiful turn to “headwinds”.
Even as the shocks of the Covid-19 pandemic and the war in Ukraine fade, there are reasons to
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