Inflation Focus - Q4
What’s happening on the inflation front, both globally and locally, what are the key drivers and how are central banks likely to respond?
Key Points
- The US election outcome shifts the trajectory for global growth and inflation, with a more divergent outlook expected
- US inflation declines are set to slow amid stronger growth and more restrictive trade and immigration policies
- Downward inflation trajectories remain intact in most other regions, given weaker growth and easing labour markets
- Central banks are set to remain focused on inflation, with policy easing proceeding at a gradual pace
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