Central Banks Just Signalled That They Might Be About to Make a Global Shift
Global investors begin adjusting portfolios in anticipation of higher interest rates after a series of policy tightening signals from major central bank presidents.
The change in tone, while not seemingly co-ordinated, nonetheless suggests a shift away from the 'near zero' interest rate strategies and extraordinary stimulus efforts put in place during the global financial crisis nearly a decade ago as economies recover and inflation slowly begins to accelerate.
Britain's FTSE 100 gained at the opening bell, according to financial bookmakers IG, even as the pound continues to trade at multi-week highs after Wednesday's speech from Bank of England Governor Mark Carney referenced the removal of stimulus if U.K. growth were to surprise on the upside.
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