What are central banks planning to do – stay loose or raise interest rates?

Central banks are split on the future of monetary policy and the global recovery. Saloni Sardana looks at the stance of six of the world’s biggest central banks.

US Federal Reserve building
The US Federal Reserve may well raise interest rates before the end of 2023
(Image credit: © Getty Images)

Most market watchers were waiting for the day Covid-19 restrictions would come to an end so they could look for cues as to when central banks would roll back some of the unprecedented support that was given to economies to help them survive the pandemic.

But here we are –15 months later the world is grappling with the spread of Delta, the highly contagious Covid variant which is putting the global economic recovery in doubt.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni