Andrew Milligan: A new inflation regime requires new portfolios for investors

The danger is that this is the precursor to a new inflation regime. While the initial interest rate response has percolated through the financial markets, the danger is that central banks are only halfway to dealing with some complex problems. Headline consumer price inflation recently reached multi-decade highs across the major economies. In one sense, this is not a great surprise; Russia's rash decision to invade Ukraine resulted in a massive surge in food and energy costs. FCA calls on UK banks to improve savings rates However, central banker views that ‘inflation would be trans...