Believe in your thesis and stick to the plan, don't get scared with moves
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Monetary Policy Report July 2019
Escalating trade conflicts, geopolitical tensions and related uncertainty are contributing to the broad-based slowdown of global economic activity and a moderation in the growth of both trade and business investment. Global economic growth slowed significantly in recent quarters and is expected to fall to 3 percent in 2019, from around 33 /4 percent in 2018 (Table 1). With concerns about a weakening global economy, bond yields and commodity prices have fallen. Many central banks have responded to softer economic outlooks and weaker inflation expectations by signalling shifts toward more accommodative monetary policy. ... (full story)