World inflation developments in the last two decades.

• World inflation developments in the last two decades.

• • Great Moderation
  • Reduction in inflation dispersion across countries
  • Coupling of inflation and monetary policy

• Recent inflation developments

• • Decoupling of inflation and monetary policy between advanced and emerging market economies;
  • • Emerging market economies;
    • • Rising inflationary pressures, tighter monetary stance is necessary.
    • Advanced economies;
    • • Moderate inflationary pressure, monetary accommodation continues.

• Explaining the decoupling in Monetary Policy

• Future Prospects