boe speech, 2023-10-06
If one looks at the monetary tightening cycle that is ongoing in the major advanced economies, while there is clear evidence of increased bond outflows from emerging market economies, and of some pressure on their currencies, the fact is that so far global financial markets have seen nothing as disruptive as during past episodes of global tension, such as the financial crisis of 2008-2009 and, though to a lesser extent, the taper tantrum of 2013.
Sentiment: neutral
Topic: mp_economic_activity