Lazard Asset Management: ‘We have a paradigm shift in inflation’

Ron Temple told Morningstar conference attendees there were limited places to invest money in the inflationary environment. (Photo: Supplied)

Dan Brunskill

Fri, 03 Jun 2022

Lazard Asset Management managing director Ron Temple says low inflation is a thing of the past and it may be hard for investors to secure real returns in the next few years. “I do think we have a paradigm shift in inflation, 1.7% core CPI through the decade into 2019 is behind us. "I think for the next five years we are likely to see 3% to 3.5% inflation,” he said. This aligns roughly with local thinking. ASB Bank expects inflation to remain above 5% throughout 2022 and stay above 3% until 2024. Temple used...

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