Further loosening to come, but to little effect

Following a wholesale shift towards policy loosening over recent months, there is now a general sense in financial markets and the media that central banks around the world have hit the pause button. We see this as an oversimplification and expect further policy loosening in many economies, potentially even in the US. But the big point is that this will do little to boost growth or inflation.
Jennifer McKeown Head of Global Economics Service
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