Major central banks tear up interest rate plans as market turmoil forces them into reverse
By Peter Spence
The Telegraph, London
Saturday, February 13, 2016
The world's most powerful central banks will be forced to tear up their plans following the carnage that has engulfed financial markets since the beginning of the year.
Investors now believe there will not be a single interest rate rise from any of the G7 group of central banks this year, while the number of expected rate cuts this year has increased from zero to six.
The data, compiled by Danske Bank analysts, suggests that investors believe monetary policymakers could slash rates and pump up their quantitative easing programmes in a bid to stabilise the economic outlook.
Carefully laid battle plans to start tightening monetary policy have been left in tatters. ...
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