The world's largest investment firm, BlackRock, Inc, which manages more than $10 trillion in assets through its chief investment strategist, Wei Li, said in an interview with Bloomberg TV that the company expects inflation to remain high in 2022. "Central banks find themselves in a very difficult situation as they try to deal with supply-driven inflation, but their proposed rate hikes may not be enough to deal with inflation. The fact is that it is really difficult for them to stabilise inflation without destroying business activity. So we expect inflation to remain at a very high level compared to what we were used to before, even after the supply bottlenecks are resolved."