CoinVoice has learned that Ariel Bezalel and Harry Richards, investment managers of Jupiter Asset Management's bond fund, stated that the monetary policy of developed countries is too tight, particularly the current level of real interest rates excluding inflation. There is still a way to go before monetary policy reaches neutral interest rate levels. Market expectations reflect this, with the market having already absorbed the expectation of a return to neutral levels over the next two years.
However, the market has not fully absorbed the risks of a more severe slowdown in economic growth or even recession. This may force central banks to lower interest rates to levels above neutral. (Jin Shi) [Original link]