bullish
The week of the Central Banks: expectations, surprises and reactions
SUMMARY
- This week has been crucial for markets. Because some of the most important central banks released their monetary policy expectations for next year
- The Fed will accelerate the tapering (from $15 Bln to $30 Bln) and its officials now expect to raise interest rates three times next year and three times in 2023
- The ECB has been probably the most dovish among the central banks: it left key rates unchanged and it doesn’t foresee to raise them in 2022
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