Even the bank claims slower growth and yet it is talking rate hikes. All of this makes me laugh.
The Fed is doing the same thing. I do not believe they will get anywhere near 4 hikes. In fact, by mid year markets will be screaming for the central banks do to something about the falling economic conditions. Things are not going to be as rosy as they claim.
Of course, there will be something to blame. At this point, I cant point to the "cause" but can tell you what is likely coming.
China is slowing, that doesnt bode well for the global economy.
Posted Using LeoFinance Beta
It's a balancing act. Managing inflation, as i said in the post above, is not as easy as raising interest rate. There are other global issues like China as you mentioned. I think it will go like this until we see something as strong as Bitcoin that could change the way we think in the economic terms. I cannot predict anything as well but, as you said, there will be a new variable to blame to allow banks to keep the rate low.
Posted Using LeoFinance Beta