Inflation will run high during this period, while European and American interest rates will remain at 0%. The economic growth forecasts are excellent. Then why don't the central banks ECB and Fed? Edin Mujagić, chief economist at OHV Asset Management, explains where the shoe pinches in monetary policy.
And what effect this may have on the level of ultimate inflation. In that regard, the ECB and the Fed are playing a dangerous game, notes Mujagi, pointing to a labor shortage and rising wages. "It is important to anticipate in time, but I wonder if that gap will happen." He also gives his view on saving and investing by companies in the agri and food business and what the expected movement in credit interest will be.
