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.
