Pictet WM: Central banks’ capacity to extend cycle is limited

1 August 2019 | 1 minute read

Despite the Fed’s dovish stance and expectations that other central banks will follow suit, Pictet Wealth Management believes policymakers’ capacity to prolong the economic cycle is limited. According to the Swiss wealth manager, nominal and real rates across the globe are significantly lower than before and central banks’ balance sheets are “already bloated”, leaving little room to ease further. “We…

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