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Why private banks aren’t panicking over inflation

iStock photo by Galina Sandalova

In recent days, the whiff of inflation in global markets has become a full-blown stench of trouble to come. First came news that China’s factory-gate inflation hit a 26-year high in October. Even more troubling was confirmation that US consumer prices may be overheating, with the 6.2% YoY jump in October undermining hopes that price increases are transient. That fanned…

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