Investment manager: Monetary policy in developed countries is still too restrictive

CoinVoice recently learned that Ariel Bezalel and Harry Richards, investment managers of Jupiter Asset Management Bond Fund, said that monetary policy in developed countries is too strict, especially the current real interest rate level excluding the impact of inflation. Monetary policy still has a way to go before reaching a neutral interest rate level. Market expectations reflect this, and the market has digested the expectation of returning to a neutral level in the next two years.

However, the market has not priced in the risk of a more severe slowdown in economic growth or even a recession. This could force the central bank to cut interest rates above the neutral level. (Jinshi) [Original link]