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

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