Monetary policy ‘increasingly synchronised’, say IMF officials
Very few central banks have bucked the global trend since the start of the pandemic
Monetary policy around the world has tended to move in step since the start of the Covid-19 pandemic, International Monetary Fund officials say in a blog post.
“The monetary policy cycle is now increasingly synchronised around the world,” write Tobias Adrian and Fabio Natalucci, the head and deputy head of the monetary and capital markets department.
Almost every central bank that changed policy in 2020 executed a rate cut. From mid-2021, the direction of travel switched to rate hikes
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