US FOMC – Surprise ends & Action begins @ RBI & BOE – ECB to follow
Central banks across the world are now clearly & boldly moving towards tighter monitory policy and focus remains to bring inflation to manageable level. ECB had earlier guided for rate hike in September 2022, but recent development – market participants are expecting rate hike as early as July and could hike rate 3 times in 2022.
If we summarize, its economic war going on to retain financial supremacy at a time of stagflation and politician globally are facing heat of high inflation from the people of their respective countries. We believe next 3 – 6 months will be critical for government and central banks across the world.
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