At the start of 2022, bond investors were already facing the highest inflation rates in decades across most large western economies. Now, following Russia’s invasion of Ukraine last month, which drove commodity prices to their highest level since 2008, inflation well in excess of central bank targets is expected to stick around for even longer.
2022年初，多數西方大型經濟體的債券投資者已經面臨數十年來最高的通脹率。現在，由于俄羅斯上月入侵烏克蘭，將大宗商品價格推至2008年以來的最高水平，遠高于央行目標的通脹預計將持續更長時間。
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