Cautious Approach by Central Banks
by AIB Treasury Economic Research Unit
- After around two years of aggressive interest rate hikes from the main central banks, monetary policy makers are currently on hold.
- In the past week, we have seen further evidence of the cautious approach that central banks are taking in determining when is the right time to start to ease interest rates.
- There was a similar message coming last Thursday’s ECB Governing Council meeting for March
- Meanwhile, during the post meeting press conference, President Lagarde was asked about the re-pricing of market expectations since January, and how it aligned with her own view.
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