Investment Week (March 30)
“The past two weeks have seen a major transition in central bank philosophy, and possibly a renewed sense of coordination.” Central bankers seem to be signaling that they will not push further with negative rates and will instead embrace other methods, some non-conventional. “So far, markets have been euphoric at this turn away from the abyss and back towards some kind of ‘normality.’”
Tags: Central bank, Coordination, Markets, Methods, Negative rates, Non-conventional, Normality, Philosophy, Signaling, Transition
Bloomberg (March 30)
“India has eclipsed China as the world’s fastest-growing major economy with gross domestic product projected to expand 7.6 percent in the fiscal year through March.”