Global imbalances have become wider over the past few years. The risk is significant of a sharp adjustment.
More Quotes from Julian Callow:
Some central bankers perhaps are not seeing growth as strong as the survey data suggest.Julian Callow
There could be quite a lively debate.
Julian Callow
At that time, it was painfully obvious that the American economy was showing tremendous resilience when the Fed began tightening. Europe has nothing like that now.
Julian Callow
There would have been disappointment if the Bank didn't act today, ... Inflation is low and under control and the ECB is quite concerned about the economic outlook.
Julian Callow
There seems to be acceptance that the big three central banks envisage further tightening. The G-10 appears confident about the pace of economic expansion.
Julian Callow
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