PIMCO has warned the global economy faces the threat of rising inflation, driven partly by central banks using it as a solution to fiscal deficits.
Portfolio manager Mihir Worah says: "Over the longer term, certainly we have to be wary of higher inflation being a ‘solution' to persistent deficits everywhere. "For over a year now, we have thought...
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Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April