Investment Office Logo

No, We Are Not About to Return to 1970s-Style Inflation

Today’s central banks are willing and able to tackle the problem
Nikolaj Schmidt, Chief International Economist
T. Rowe Price,  May 2022

Key Insights

  • Inflation has made a comeback after a long period of “lowflation” following the global financial crisis.
  • The good news is that central banks have the tools to handle most of the causes of the inflation we see today—and are willing and able to use them.
  • The bad news is that to bring inflation under control, central banks must tighten to a point where growth will slow sharply.


Access the full report from T. Rowe Price