The world does not seem to be at risk of slipping into a high-inflation “regime” in the near future, but there remains a risk of a such a shift in the longer term, Claudio Borio said in a recent speech.

The head of the Bank for International Settlements’ monetary and economic department weighed up the evidence in remarks, noting there were both good and bad signs. He argued “secular disinflationary pressures” such as globalisation and technological progress are still at work, which should exert