Industry commentators have warned there is "huge complacency" throughout markets about the withdrawal of global liquidity through quantitative tightening (QT) with some predicting the market reaction will lead to central banks once again loosening conditions later this year.
The QT process began in October 2017 when the Federal Reserve announced it would start reducing its "gigantic" $4.5trn balance sheet. This significant moment started the reversal of the quantitative...
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