Inflation will be also 1/3  BIS central bankers' speeches  curbed by: prudent fiscal policy driven by the repayment of large volumes of public debt in 2019–2020; slower wage growth, as domestic wages converge with wages in neighboring countries and migration moderates; relatively low exchange rate volatility resulting in low imported inflation; a decrease in energy prices in the global markets; weak growth in raw food prices.
BIS central bankers’ speeches  1  minutes from the most recent FOMC meeting. The minutes acknowledge that the economy is gaining force and that low inflation, affected by falling oil prices, may not be a factor against keeping the rate hike on the table.