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Ultra-Low Interest Rates Are Here to Stay: 2021 Central Bank Guide

The Federal Reserve building in Washington, D.C., U.S.

The Federal Reserve building in Washington, D.C., U.S.

Photographer: Stefani Reynolds/Bloomberg

Central banks are set to spend 2021 maintaining their ultra-easy monetary policies even with the global economy expected to accelerate away from last year’s coronavirus-inflicted recession.

In Bloomberg’s quarterly review of monetary policy that covers 90% of the world economy, no major western central bank is expected to hike interest rates this year.