CEOs and central bankers talk past each other on inflation

“Inflation has picked up, although this increase is expected to be mostly temporary. The outlook for inflation over the medium term remains subdued,” ECB President Christine Lagarde(pic) said.

LONDON: The bosses of top multinationals are fretting about rising inflation but the very people responsible for keeping price growth in check – central bankers – seem unfazed.

Even as policymakers at the US Federal Reserve, European Central Bank (ECB) and elsewhere diverge on how quickly to wind down massive pandemic stimulus programmes, they agree on one thing: the recent surge in inflation is not a major concern.