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In the past 40 years, the wave of radical interest rate hikes has temporarily stopped, and the global mothers have parted ways
- China Aluminium Network
- Post Time: 2022/11/9
- Click Amount: 741
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【Aluminum Road Network】
The Fed signaled a higher peak in interest rates, but the Bank of England took the opposite stance, and central banks in Australia and Canada are also slowing rate hikes. Analysts believe that if the Fed decides to raise interest rates more and other central banks do not cooperate, "the situation could become more chaotic".
The most aggressive and synchronized tightening of monetary policy in the world over the past 40 years is entering a new phase, with central banks preparing to slow down the pace of interest rate hikes and diverge on the rate of interest rate hikes.
For much of the past year, with interest rates at historic levels and inflation continuing to soar, central banks have been in a "race to raise interest rates," a phenomenon TS Lombard economist Dario Perkins called "synchronized monetary policy." peak monetary synchronization. So far, the central banks of 10 large advanced economies have raised rates by a total of 2,365 basis points in this cycle.
However, this synchronized trend is now gradually divergent, and different central banks have chosen different directions at the fork in the road.
Last week, the Federal Reserve and the Bank of England both raised interest rates by 75 basis points, but had mixed views on the future.
Federal Reserve Chairman Jerome Powell hinted that although the pace of interest rate hikes will soon be slowed in December, the peak rate of interest rates may be higher than the Fed expected in September. Many Wall Street analysts believe that the federal funds rate will exceed 5% next year; on the other hand, the Bank of England Source:
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