Economics
BlackRock’s Hildebrand Says Global Inflation Isn’t Dead
- Central banks will face pressure to not tighten too quickly
- Covid and its aftermath likely to lead to higher costs, wages
Philipp Hildebrand
Photographer: Jason Alden/BloombergThis article is for subscribers only.
BlackRock Inc. Vice Chairman Philipp Hildebrand said financial markets are underestimating the risk of higher inflation in the medium term, especially that central banks will struggle to raise interest rates even when price pressures start to build up.
Hildebrand, the former Swiss central bank chief, said he doesn’t share the widely-held view that “inflation is dead.”