https://www.scmp.com/rss/508919/feed Axel A. Weber, a former president of the Deutsche Bundesbank and former member of the Governing Council of the European Central Bank, is chairman of the board of directors of UBS Group AG. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Current forecasts by many banks, central banks and other institutions suggest that inflation will not be a problem in the foreseeable future. The International Monetary Fund, for example, expects global inflation to remain subdued until the end of its forecast horizon in 2025. But could those who heed these forecasts be in for a rude awakening? Economic models have long been notoriously inaccurate in predicting inflation, and Covid-19 has further complicated the challenge. While economic... https://www.scmp.com/comment/opinion/article/3122169/why-inflation-may-buck-forecasts-and-make-comeback?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3122169/why-inflation-may-buck-forecasts-and-make-comeback?utm_source=rss_feed Thu, 18 Feb 2021 07:45:18 +0000