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
 

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