Bank of Greece Chief Warns Current Inflation Crisis More Dangerous Than 2021 Surge

The governor of the Bank of Greece has warned that the inflation pressures now gripping the global economy could prove harder to contain than the 2021-22 price surge, citing entrenched inflationary memory, geopolitical instability and the limits of monetary policy as compounding factors. Giannis Stournaras said the key difference between the two episodes lies in public expectation. During the 2021-22 inflation spike, households and businesses had no recent experience of high prices and were a...

By ANTHEE CARASSAVA