No more low for central banks

Fed reserve bldg

WE are seeing global central banks shifting away from an ultra-low interest rate environment, especially in advanced economies, including the Federal Reserve (Fed), (pic) Bank of England (BoE), and European Central Bank (ECB).

As the economy recovers alongside a rising consumer price level, the threat of red-hot inflation chipping away consumers purchasing price had nudged central bankers to roll back their accommodative monetary policy.