Business Standard

Ultra-low interest rates to stay: A 2021 guide for global central banks

China, India, Russia and Mexico are among those predicted to cut their benchmarks even further. Only Argentina and Nigeria are forecast to raise rates

US Federal Reserve
Premium

The assumption is central bankers will want to guarantee the recovery is safe before they even start to consider tightening policy.

Bloomberg News
Central banks are set to spend 2021 maintaining their ultra-easy monetary policies even with the global economy expected to accelerate away from last year’s coronavirus-inflicted recession.
 
In Bloomberg’s quarterly review of monetary policy that covers 90% of the world economy, no major western central bank is expected to hike interest rates this year.

The Bloomberg Central Bank Outlook

China, India, Russia and Mexico are among those predicted to cut their benchmarks even further. Only Argentina and Nigeria are forecast to raise rates.

The assumption is central bankers will want to guarantee the recovery is safe before they even start to consider tightening

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 05 2021 | 8:02 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com