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Adrian Blundell-Wignall

Why central bankers are right to push back on rate cuts

Trying to rig economic growth by slashing interest rates ignores the real forces which really decide what rate levels will be.

Adrian Blundell-WignallEconomist

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Global markets have been pricing in rate cuts because inflation peaked and has been edging down (notably in the US market).

There seems to be a desire to return to the “easy money, risk-on” world that followed the financial crisis when all sorts of investments worked so well. For many analysts, it has been the only world they have known.

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Adrian Blundell-Wignall writes on the world economy and is a former director of the OECD. He is currently in Paris.

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    Original URL: https://www.afr.com/policy/economy/why-central-bankers-are-right-to-push-back-on-rate-cuts-20240204-p5f281