Fed chair Janet Yellen announced Friday the 26th, at the central bank’s annual Jackson Hole summit that she could raise the rates in the second half of 2016. She announced: "In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months."
During the symposium of Central bankers at Jackson Hole, Benoit Coeuré, representing the ECB, delivered a speech in which he claimed that interest rates may remain at low levels for a long time still, as long as EU governments don’t engage significant structural reforms and as long as price stability objectives are not met.