Sentences with phrase «begin policy normalization»

Some policymakers responded to the global uncertainty and downside risks to inflation by revising down their economic projections, but a number of market participants went a step further to call the central bank's decision to begin policy normalization in December 2015 a «policy mistake.»

Not exact matches

Indeed, even as the Federal Reserve (Fed) began the process of rate normalization late last year, it left interest rates unchanged at its policy meeting this month.

Lack of inflation has central banks rethinking In recent months markets have been anticipating that the European Central Bank will join the US Federal Reserve in beginning a long process of monetary policy normalization.

The Bank of England (BOE) and European Central Bank (ECB) are the latest bodies to begin the slow process of policy normalization.