Are central banks pursuing the correct actions? (Part II)

In the second of a two-part series, fund managers reveal how global central bank decisions are impacting investors and their strategies.

Click here to read part one David Coombs, head of multi-asset investments, Rathbones US Recovery on track   Only last month, we had three reasons for central bank stances, two different market reactions, but one policy. The reaction to the European Central Bank (ECB) announcement suggested investors still viewed Europe's recovery as fragile, and in need of whatever impetus it can get. China also loosened its policy, which lifted bourses.  But there was an adverse reaction to the Federal Reserve's reluctance to raise rates in the face of any poor data. So, for once, investors re...