Thursday, July 6, 2017

Brian Romanchuk — Bank Of Canada Hawkishness Ramping Up

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.
Bond Economics
Bank Of Canada Hawkishness Ramping Up
Brian Romanchuk

2 comments:

Matt Franko said...

Still waiting for the Canada "banking crisis!" to happen...

Brian Romanchuk said...

Matt,

Nobody's defaulting yet, hence no crisis. As long as Canada never has a recession again, everything is perfectly fine.