Global inflation may mean ‘paradigm shift,’ BIS’s Carstens warns

By Craig Stirling and Alexander Weber

Global inflation may reflect a "paradigm shift" where central banks can't adequately respond by just focusing on national economies, according to the head of the Bank for International Settlements. 

Agustin Carstens, sitting in the audience at a Riksbank symposium in Stockholm celebrating former Governor Stefan Ingves, addressed the panel at the end of a discussion that frequently touched on the risk that monetary officials' views converge too far. 

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