This is welcome news, but one data point does not make a trend. Inflation briefly slowed in the summer of 2021 before getting much worse, so I am going to need to see this improvement sustained before I am confident that inflation has decelerated.
Certainly, the world of central banking has undergone dramatic changes since 2007: unprecedented reductions in policy rates to the zero lower bound and beyond, and the utilisation of balance-sheet policies in non-traditional ways, which have become the norm in some advanced economies. These actions had repercussions for financial markets through increased capital flows, among others, with emerging markets bearing the brunt of these developments.