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Inflation is the ‘rhino in the room’ for the world, Deutsche Bank says -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Deutsche Bank’s logo can be seen on Moscow’s bank headquarters, September 14, 2015. REUTERS/Sergei Karpukhin

LONDON (Reuters – Inflationary waves may not be easy to stem, due to rising energy costs, shortages of labour and disruptions in the supply chain, exacerbated a Russia sanctions. Deutsche Bank (DE) Wealth Management’s Chief Investment Officer stated.

Global CIO Christian Nolting stated in a research paper that “consumer price inflation in America exceeded the threshold of 7%” and that the Eurozone had seen levels as high as 5%. The “rhinoceros in the room” has been released and it may prove hard to contain.

He stated that Russia sanctions as well as Russian businesses closing down operations are contributing to Russia’s supply chain problems. In addition, the production of intermediate products has been hampered due to shortages in palladium, platinum and even neon.

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