Koo Ponders What If All Central Banks Tighten At Once?

There is a Cross Atlantic central banking trend taking place, Nomura’s Richard Koo notes in a July 11 report. The US Federal Reserve, moving to normalize interest rates, is slowly being followed by their European counterpart, which could lead to a global trend but..... This could create a unique market environment, one that a computer algorithm looking for pattern recognition might not pick up the central banking trend, particularly as the Bank of Japan continues to hold interest rates negative.

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Developed world central banking trend

The Bank of Canada today announced it is raising interest rates for the first time in seven years, becoming the second G7 nation after the US...