Since the global financial crisis, the exceptionally accommodative monetary policy stance of the U.S. Federal Reserve (Fed) has helped support activity, bolstered asset valuations, and reduced risk premia. In addition, it has been instrumental in boosting capital flows to emerging and frontier market economies (EFEs). As the U.S. economy improves, the Fed is expected to start raising policy interest rates in the near term (an event widely referred...
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详细
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2015/09/01
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执董会报告
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100437
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1
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1
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2016/02/18
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Disclosed
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The coming U.S. interest rate tightening cycle : smooth sailing or stormy waters?
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monetary policy