Editor’s note: This blog post is an opinion piece. The views expressed are those of the author, and do not necessarily represent those of ICIS.
BLOG: Failed pursuit of inflation creates major economic risks
02 August 2017 09:32 Source:ICIS News
LONDON (ICIS)--Click here to see the latest blog post on Asian Chemical Connections. After eight years of historically unprecedented levels of monetary stimulus, inflation remains close to the bottom of or below the target ranges of most western central banks. This means that the debt mountain we have built up since the Global Financial Crisis could trigger another crisis. This may only be months away if the credit tightening cycle continues both in the West and in China.