Developed central bank hawkishness has been increasing over the past weeks, signalling a new consensus (or groupthink) among global policymakers. Such a shift should not be too surprising, given the biases of central bankers. In particular, the shift by the Bank of Canada is a reversion to historical form; whether or not it will be disastrous remains to be seen.
Thursday, July 6, 2017
Brian Romanchuk — Bank Of Canada Hawkishness Ramping Up
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2 comments:
Still waiting for the Canada "banking crisis!" to happen...
Matt,
Nobody's defaulting yet, hence no crisis. As long as Canada never has a recession again, everything is perfectly fine.
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