In high-income countries, consumer price inflation is running at rates not seen in four decades. With inflation no longer low, neither are interest rates. The era of “low for long” is over, at least for now. So, why did this happen? Will it be a lasting change? What should the policy response be?
在高收入国家，消费者价格通胀率正处于40年来未见的水平。随着通胀率不再低，利率也不再低。“长期低”利率的时代已经结束，至少目前是这样。那么，为什么会发生这种情况呢？这将是一个持久的变化吗？政策应对应该是什么？
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