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Expert Opinions

Central Banks at a Turning Point?

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Over the last two months, inflation has surged to levels unseen in decades.This spike had been expected by market participants, as it is mainly linked to base effects. Yet, even though we agree that these levels should be mostly transitory, we continue to believe in the reflation trade and think that Central Banks are walking a fine line where it is crucial that they maintain their credibility. The Fed may therefore end up being more hawkish than what the market currently expects.

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Central Banks at a Turning Point?
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