What happens to the economy if inflation expectations dramatically change? Kit Juckes, chief foreign exchange strategist at Societe Generale, reveals the implication of an aging economic cycle and a global trade recession that are pushing inflationary forces toward an inflection point. He says that those central banks with room to cut interest rates further will do so, and those that cannot will struggle significantly. Juckes argues that a change in the market’s acceptance of tight fiscal policy alongside extremely accommodative monetary policy could be the trigger for a new inflation regime. Filmed on September 19, 2019 in London.