The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.
Know more about central banks
What is the Jackson Hole Symposium?
It is an annual economic policy symposium held in Jackson Hole, Wyoming. Organized by the Federal Reserve Bank of Kansas City since 1978, the three-day gathering is designed as a forum for central bankers, policy experts, and academics. This year’s topic on focus was “Fostering a Dynamic Global Economy”, and it lasted from August 24th to August 26th.
Key speeches from Janet Yellen, Chairwoman of the US Federal Reserve, and Mario Draghi, President of the European Central Bank, were widely expected as a roadmap of their economic policies for the next months.
European Central Bank President Draghi is speaking at the Federal Reserve Bank of Kansas City’s Economic Symposium at Jackson Hole and the euro has popped higher on the day following comments around the global and European recovery.
Fed Chair Yellen, who is the first major speaker ahead of ECB's President Draghi at today's Jackson Hole Symposium, has disappointed the markets so far with nothing pertaining to a bias on monetary policy one way or the other and markets have reacted positively so far.