BIS Quarterly Review (March 2023) is published in February by BIS (The Bank for International Settlements).Perceptions of the future path of monetary policy shaped markets as central banks continued to fight inflation in the period covered by the latest BIS Quarterly Review.
As inflation readings gradually fell and the pace of monetary policy tightening slowed early in this period, financial conditions eased and risky asset valuations generally rose on investor perceptions of declining risks.
Expectations of significant rate cuts during 2024 appeared to firm up, despite cautious central bank communication about the policy outlook. The US dollar depreciated further, lending additional support to assets in emerging market economies.
Towards the end of the period, however, market developments proved sensitive to news that challenged investors’ sanguine attitude.
The Quarterly also has features looking at monetary and prudential policies, commodities and the US dollar, global value chains and sovereign debt.
Read the full report here: https://lnkd.in/eQkk3PRw
