Keep on Rocking in the Rate World
by AIB Treasury Economic Research Unit
- The shift by central banks to smaller rate hikes is not a signal that monetary tightening is about an end.
- The US Fed opted for a 25bps rate hike at the last FOMC meeting in early February, bringing the target range for the funds rate up to 4.5-4.75%.
- Meanwhile, the BoE hiked rates by 50bps in early February, bringing the Bank Rate up to 4%
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