Global rate hike curves

Monday, 31 January 2022

Courtesy of Morgan Stanley comes a chart of global rate hike curves:

My own view is that the Fed won’t get that far before it breaks something important, the RBA won’t even get to lift-off, China will be slashing rates much more than that, and by H2, 2022 markets will be pricing everybody following China.

The reason why is also explored by MS:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.