This would be slower than
the last tightening of monetary policy in 2004 to 2006.
Not exact matches
The risk is that the economy needs
monetary policy tightened to cool prices before industrial activity and retail sales regain momentum lost
last year as the Chinese economy delivered its slowest full year
of growth since 1999, at 7.8 percent.
The
last time a Liberal government entered an election in the middle
of a
monetary policy tightening cycle was in 2006; that year, the Conservatives defeated them.
Last week there was confirmation from the horse's mouth that my conclusion was correct, as well as some other interesting information on how an eventual
tightening of US
monetary policy will proceed.
In fact, the divergences in global economic performance — one
of those being that U.S.
monetary policy would
tighten while European
monetary policy would loosen — actually look very much like an explanation for what already happened
last year.
The yield curve has flattened since the release
of the
last Statement, reflecting the December
tightening in
monetary policy and the fall in longer - term yields (Graph 53).