Global Economics

Global Central Bank Watch

28 November, 2017

Gradually scaling back support despite low inflation

Despite the fact that core inflation in advanced economies has generally remained very low, policymakers are committed to reducing policy support and/or raising interest rates next year. Fed officials have strongly hinted that they will raise interest rates again in December. With a fiscal stimulus likely in the first months of next year and core inflation set to rise, we think that they will raise rates a further four times in 2018. Meanwhile, the Bank of England is likely to follow November’s

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