Previous governor of the Reserve Bank of Australia Glenn Stevens in the Australian press today
(article came out overnight)
- An unexpected pick-up in inflation measures could see "markets flip from their current scepticism" that central banks couldn't hit their targets "to worries about them being exceeded"
- remarkable "how little compensation" investors were accepting for the risk of inflation being much higher
- "Central bankers, for their part, would welcome a bit more inflation - that has been their avowed aim. Thus far, however, market pricing seems to embody doubts that they will be successful."
Article is here for more (may be gated): Global markets complacent over inflation risks
