One analyst bracing for inflation trouble

Head of Multi-Asset at Hermes Investment Management, Tommaso Mancuso, commented on the BBC live stream on the rise in inflation to 2.3%. He says that inflation protection is necessary as high inflation may persist longer than the industry expects. He notes a range of factors including residual liquidity created by QE and central banks turning a blind eye to the inflation target overshoot as some of the causes for the higher figure.