Inflation returns to managerial concerns

On the back of recent price rises, managerial concerns turn to rising inflation and the impact this will have on interest rates and the markets

This week's Conjecture debate focused on fixed interest markets. Present were Richard Hodges, associate director of active fixed income at Legal & General, and Bryn Jones, investment manager at Rathbone Unit Trust Management Ltd. Is inflation a concern at present? Bryn Jones (BJ): Inflation is becoming a major concern again. The debate is whether we are going to see a period of higher inflation and the impact that is going to have on interest rates. One of the things that has come up recently is the high money supply and this for monetarists has a major impact on inflation. It was Alan...