The race for higher interest rates

Since the global pandemic began and central banks reacted to the uncertainty by slashing interest rates, there has been a natural focus on which nation will see a tapering of asset purchases and interest rate rises first, says Dan Wray, senior executive director at Global Reach

It used to be that former Bank of England governor, Mark Carney, was known as the 'unreliable boyfriend' of the banking world. His comments regarding rate direction and other matters would seemingly not come to fruition, and markets stopped knee-jerk reacting to his statements. While there is a new Bank of England governor in town now, there have been a few false alarms from BoE policymakers, which have not helped with market clarity.

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