Economics
Fitch Sees Central Banks Gaining Confidence to Tighten Policy
- Rating company says central banks to normalize policy further
- OECD warns global economic growth masks wide performance gaps
Pedestrians walk past the Bank of England in the City of London.
Photographer: Simon Dawson/Bloomberg
This article is for subscribers only.
Central banks will become less cautious about normalizing policy as worldwide growth picks up, Fitch Ratings said.
Economists led by Brian Coulton said they expect the U.S. Federal Reserve to hike interest rates no less than seven times by the end of 2019, adding to a global path of policy normalization that could see the European Central Bank laying the ground to end quantitative easing by the end of the year and the Bank of England raising rates by 25 basis points in 2018 despite Brexit.