The annual event, held at the Wyoming fishing retreat by the Federal Reserve Bank of Kansas City since 1978, takes place from 24 to 26 August. And it could provide the backdrop for the ECB president to signal the eventual withdrawal from loose monetary policy by the central bank. “It’s an important event because we’re at a critical crossroads for many central banks, especially, I would say, for the ECB. The ECB is spending €2.3tn (£2.1tn) on its QE policy, while the Bank of England injected £435bn into buying gilts. The governor may instead look to “downplay as much as possible the effects of monetary policy normalisation in order to keep financial markets calm”, he said.

Source: The Guardian August 20, 2017 12:03 UTC