Shoppers stock up on provisions at a Walmart store, in New Jersey, in July 2020. There is a lot of pent-up demand in the household and business sectors which should support spending once infection rates are lower. Photo: Reuters Shoppers stock up on provisions at a Walmart store, in New Jersey, in July 2020. There is a lot of pent-up demand in the household and business sectors which should support spending once infection rates are lower. Photo: Reuters
Shoppers stock up on provisions at a Walmart store, in New Jersey, in July 2020. There is a lot of pent-up demand in the household and business sectors which should support spending once infection rates are lower. Photo: Reuters
Chris Iggo
Opinion

Opinion

Macroscope by Chris Iggo

Why financial markets need not worry about inflation, for now

  • Central banks will not withdraw monetary policy support until inflation rises above 2 per cent for a sustained period. While a modest increase in inflation is to be expected, it is unlikely to be enough to push interest rates higher for some years to come

Shoppers stock up on provisions at a Walmart store, in New Jersey, in July 2020. There is a lot of pent-up demand in the household and business sectors which should support spending once infection rates are lower. Photo: Reuters Shoppers stock up on provisions at a Walmart store, in New Jersey, in July 2020. There is a lot of pent-up demand in the household and business sectors which should support spending once infection rates are lower. Photo: Reuters
Shoppers stock up on provisions at a Walmart store, in New Jersey, in July 2020. There is a lot of pent-up demand in the household and business sectors which should support spending once infection rates are lower. Photo: Reuters
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Chris Iggo

Chris Iggo

Chris Iggo is the chief investment officer for core iinvestments with AXA Investment Managers. An experienced leading thinker on asset allocation in traditional markets, Chris has over 30 years’ experience in the investment industry, with previously assumed roles including head of strategy at Cazenove Fund Management, and chief US economist and chief European economist at Barclays Capital.