Central Banks Are Raising Rates at Fastest Pace Since 2011, Deutsche Bank Says
- Bank says 1.75 rate hikes for every cut this year so far
- Developed central banks the most hawkish with 3 hikes in 2018
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Global central banks are delivering interest-rate increases at the fastest pace since 2011, according to Deutsche Bank AG.
With the Federal Reserve set to raise its benchmark on Wednesday for the first time in 2018, Craig Nicol, a London-based macro strategist for Deutsche Bank, told clients in a report that this year has already witnessed 1.75 rate hikes for every cut.