Since the start of the year, global investors have been particularly keen to understand global monetary policy – in terms of both the impact interest rates are having on the macro economy, and the prospects for an imminent reversal in monetary policy. And it is fair to say there is a great deal of confusion out there, with some stark differences in opinion about whether interest rates are working and whether policy is “tight” enough to tame inflation (or trigger a recession). So, after a busy period of central-bank meetings all over the world (and seemingly endless commentary for officials), now is a good time to ... (full story)