Mirror, Mirror: 2015 Could Be Reverse Image of the Year 1981, Says BNY Mellon’s Richard Hoey

State of the Debate column

Date:

Mirror, Mirror: 2015 Could Be Reverse Image of the Year 1981, Says BNY Mellon's Richard Hoey

Autor: Fórmate a Fondo

Hoey believes that today's anti-deflationary policies by central banks will prove aggressive enough to overcome today's risks of deflation, disinflation and lowflation

Hoey describes a likely mirror image opposite pattern in 2015 as bottoming inflation and bond yields as a "reverse Last Chance This Century."

"Given the intensity of the banks' anti-deflationary policies, higher inflation should return, although not for a while", said BNY Mellon Chief Economist