RE: World Economy25 Mar 2020 18:42
This is not my opinion.I am simplifying that of John Greenwood chief economist of Invesco Ltd,a world renowned scholar in monetary policy.Check his CV.He was on the advisory board which set up the HK currency when UK left in 1997. I have read JG for over 20 years and in particular his stance on inflation,or lack of it,since 2008 .He has been right on every major economic issue since then,and not many economists have been.His article today can be found on the Invesco uk website if you are interested.