
Investors faced up to a worrying shift in gears by central banks last week as policymakers in Europe either set the groundwork for a tightening in monetary policy or voted for stronger rate rises earlier than many expected. Tightening monetary conditions will be a key driver for 2022 and how risky assets deal with this new era of rising interest rates and reduced liquidity.
Prognostications over the next policy moves by major central banks will serve as the framework for interpreting the following economic events over the coming days:
Monday, February 7