“Rate rage” or a “hike huff”? There are a few phrases to describe the wobbles that investors could experience while global central banks look to normalize their monetary policy.
But it doesn’t have to be that way, according to a former policy member at the Bank of England (BoE).
Andrew Sentance, now a senior economic adviser at PWC, told CNBC Wednesday that “intrinsically” there’s no reason why markets should react negatively to a rise in interest rates.
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