Global Macro Service > Research Briefings > Global
Although further financial market weakness could delay or scale back central bank tightening next year, the waters are being muddied by the perception that underlying inflation pressures are building and that past exceptional measures to counter downside risks may no longer be needed. On balance, we think that it is more likely that central banks will push back rather than bring forward rate hikes, especially if the recent oil price weakness persists.
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