Via Captain Glenn in his new role as hedge fund seer:
Former Reserve Bank of Australia governor Glenn Stevens says global investors have become complacent about the risks of a sharp rise in inflation that would have “considerable implications” for financial markets.
An unexpected pick-up in inflation measures could see “markets flip from their current scepticism” that central banks couldn’t hit their targets “to worries about them being exceeded”, Mr Stevens said, his first major comments on financial markets and the global economy since retiring from the central bank a year ago,
