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Man Group’s Ellis Says Inflation Response Needs to Be Bigger

Bloomberg business news
WATCH: “One of the things with inflation is it’s like a sort of fire. You’ve got to stamp it right out and make sure there’s no smoke left whatsoever,” Ellis said at the Bloomberg Equality Summit.Source: Bloomberg

Central banks haven’t yet taken the steps needed to get inflation under control, according to Luke Ellis, chief executive officer of hedge fund manager Man Group Plc.

Years of quantitative easing have left many economies facing soaring prices and asset inequality, Ellis said at the Bloomberg Equality Summit on Tuesday. He likened inflation to fire and said central banks should have acted two years ago.