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Fed, ECB and BOE officials all see inflation rising

But their optimism has not been shared by investors this month, as shown by trading in inflation-protected bonds

Mr Fischer said last Saturday at Jackson Hole that "because monetary policy influences real activity with a substantial lag, we should not wait until inflation is back to 2% to begin tightening".


STRONGER growth will pull inflation higher in the US and Europe, according to three top central bankers who voiced confidence that their regions will escape from headwinds that are keeping inflation too low.

Federal Reserve vice-chairman Stanley Fischer joined European...

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