I can’t remember a better time to be a central banker, as this is a similar refrain from all of them.
There is some optimism on growth and inflation is falling. There’s is a ‘stagflation’ narrative in the UK today but elsewhere you could argue it’s the opposite, with growth picking up and inflation trending lower.
That’s why there isn’t a big rush to cut rates in Europe. I think that could end up being a mistake if trade war fears catalyze into something real and/or Chinese growth disappoints but risk do run both ways.
This article was written by Adam Button at www.forexlive.com. Source