The two day annual Central Banker's symposium at Jackson Hole concluded on Saturday with Central Bank Governors from across the world participating. Many were of the view that inflation could start to rise sooner than later, providing justification for tightening monetary policy accordingly. The theme for this year’s Jackson Hole Symposium was titled “Inflation and Market Dynamics.” The Federal Reserve's Vice Chairman Stanley Fischer noted that given inflation was steady there was a good reason to expect inflation to rise as the downward pressure on inflation starts to dissipate. Fischer’s comments also sparked some momentum in the dollar after stating that inflation would not need to rise back towards the long-term target before more hawkish policy measures were initiated. Besides Fischer, the ECB's Vice President Vitor Constancio and Governor Mark Carney from the Bank of England echoed the same views. However, Fischer refused to elaborate further on the Fed's September 17th FOMC meeting.
Central Bankers See Inflation Rising
Daily Analysis - 31/08/2015