23 Jul 2013
Flash: Back to normal, monetary policies –BAML
FXstreet.com (London) - Tomos Rhys Edwards, Senior Vice President, Communications and Media Relations, BofA Merrill Lynch Global Research mentioned his views on monetary policies.
Key Notes:
“Expectations for normalization of monetary policies in advanced economies have become a key market driver since Ben Bernanke's Congress testimony on May 22”.
“Uncertainty about the timing and pace of QE tapering by the Fed has increased borrowing costs globally, although from historically low levels”.
“As our Global Cycle Index suggests, the global recovery has been weak”.
“Tail risks have been declining and the US economy has been performing better than most expectations. At the same time, concerns about negative side-effects from unconventional monetary policies have been louder”.
Key Notes:
“Expectations for normalization of monetary policies in advanced economies have become a key market driver since Ben Bernanke's Congress testimony on May 22”.
“Uncertainty about the timing and pace of QE tapering by the Fed has increased borrowing costs globally, although from historically low levels”.
“As our Global Cycle Index suggests, the global recovery has been weak”.
“Tail risks have been declining and the US economy has been performing better than most expectations. At the same time, concerns about negative side-effects from unconventional monetary policies have been louder”.