Investment Manager: The monetary policy restrictions in developed countries are still too strong
Jupiter Asset Management bond fund investment managers Ariel Bezalel and Harry Richards stated that the monetary policy of developed countries is too strict, especially the current level of real interest rates excluding inflation. There is still a way to go before monetary policy reaches a neutral interest rate level.
Market expectations reflect this point, and the market has already digested expectations for returning to neutral levels in the next two years. However, the market has not digested risks of more severe economic slowdown or even recession. This may force central banks to lower interest rates beyond neutral levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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