Fed's Lacker, citing lessons of 1960s, sees value in pre-emptive rate hikes

Market news

3 March 2017

Fed's Lacker, citing lessons of 1960s, sees value in pre-emptive rate hikes

Uncertainty about neutral rate makes assessing policy stance challenging
Stable inflation now is no guarantee for future stability
Central Bank independence cannot be taken for granted
Warns on costs of losing control over inflation

Russian Central Bank says GDP growth in Q1 seen at 0.4-0.7 pct

US non-manufacturing activity continued to rise

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