![]() Despite the current inflation surge, the outlook for inflation over the medium term remains subdued, and thus these three conditions are very unlikely to be satisfied next year." ![]() ![]() On Wednesday, November 3, ECB President Christine Lagarde said, "In our forward guidance on interest rates, we have clearly articulated the three conditions that need to be satisfied before rates will start to rise. ![]() All three major central banks committed to not raising interest rates and maintaining their collective extremely accommodative monetary policy. The Times They Are A-Changin' - Bob Dylanīeginning on Thursday, October 28, when the European Central Bank held a press conference following their meeting that took place a few days earlier, which was followed by statements by both the Federal Reserve and the Bank of England this week unveiled a unified consensus in regards to their current monetary policies. "Come writers and critics who prophesize with your pen, and keep your eyes wide, the chance won't come again, and don't speak too soon, For the wheel's still in spin"
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