Why Inflation Around the World Just Won’t Go Away

The world’s central banks underestimated inflation last year. They are trying not to make the same mistake twice. Across affluent countries, central bankers are sharply lifting inflation forecasts, penciling in further interest-rate increases and warning investors that interest rates will stay high for some time. Some have set aside plans to keep interest rates on hold.

tips

underestimate：低估；看轻（estimate 估计）

affluent：丰富的；富裕的；n. 富人

forecast：预测

aside：离开；另外

interest rate：利（息）率