Puny Percentages

With global growth slowing and inflation benign, easy monetary policy is here for longer. Of the 25 largest central banks, only two have recently raised rates; the Fed and the Federal Reserve Bank of Mexico. Twelve are expected to ease, including large bellwether central banks like the ECB, People’s Bank of China, Bank of Japan and the Bank of England. Eleven plan to hold rates steady. It’s time to borrow!