Flash: the crosscurrents of global inflation - BAML

FXstreet.com (London) - Gustavo Reis, strategist at Bank of America Merrill Lynch, offers a dollar positive tone from his emerging markets and central bank out look.

Key Quotes:

“Global inflation has been stable, but prices are rising faster in EM while inflation ebbs in the developed world”.

“Economic slack can broadly explain inflation in the US, but not in Europe”.

“We expect the Fed to take low inflation seriously while the ECB may have to cut rates further”.