  I study two-stage hybrid inflation driven by moduli fields, corresponding to
flat directions of supersymmetry, lifted by supergravity corrections. The first
stage corresponds to a period of either fast-roll or `locked' inflation,
induced by an oscillating inflaton. This is followed by a second stage of
fast-roll inflation. Enough total e-foldings to encompass the cosmological
scales are achieved. Structure in the Universe is generated due to a curvaton
field.
