Is 2018 the year when central banks finally start to tighten?
Both Citigroup and JPMorgan Chase are now predicting that average interest rates across the world’s advanced economies will climb to at least 1% in 2018. That might not seem like much, but remember that major economies such as Japan and the European Union now have negative interest rates. Overall the two Wall Street megabanks are telling investors to get ready for the biggest tightening of monetary policy since 2006, before the global financial crisis.
