The world's top central banks are close to launching "the largest quantitative tightening in history," Morgan Stanley analysts said Friday, estimating that the $2.2 trillion worth of support will "disappear" in the next 12 months.
A rise in global inflation is forcing the US Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England to reverse the stimulus measures used to support economies during the coronavirus pandemic. [THE FED IS NOW EXPECTED TO RAISE US INTEREST RATES FIVE TIMES IN 2022, THE FASTEST RATE HIKE SINCE 2005-06.
(CNA)
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