At the end of last year, investors were convinced that interest rates in the world’s leading economies would come down sharply this year. Following the US Federal Reserve’s unexpected signal …
The results of Bank of America’s latest poll of global fund managers, published on Tuesday, showed that sentiment was the most upbeat in almost two years. Two-thirds of respondents expected …
For some time now, the world’s leading central banks have had a credibility problem. Having insisted that the surge in inflation stemming from the Covid-19 pandemic was temporary, policymakers fell …