Is there a regime shift in global monetary policy? It seems so…
2018 was undoubtedly the most intense period of monetary policy tightening post the Global Financial Crisis, as the number of rate hikes exceeded that of rate cuts. Year to date, last year’s aggressive tightening trend has come to an end, as the pace of monetary tightening has decelerated considerably. Numerous economists and market analysts have been taking the view that the global monetary policy stance will shift back to easing relatively soon.
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