As central banks turn dovish, how loose will this year’s monetary policy be?

Published: 11/02/2019
As central banks turn dovish, how loose will this year’s monetary policy be?
Source: WWW.SCMP.COM

In the middle of November last year, the yield on one-year Chinese government debt fell below its American counterpart for the first time ever, according to data from Bloomberg, dropping to 2.5 per cent as Beijing’s shift towards more growth-supportive measures gathered pace. The yield gap between the two countries’ 10-year bonds had also narrowed sharply, dropping to just 30 basis poi

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