The mystery of how quantitative tightening will affect markets

Central banks are starting to shrink their balance sheets, but fund managers say they have no clue as to how QT will play out.

The era of central bank asset-buying began in 2001, when the Bank of Japan instituted the policy in a bid to stimulate the country’s languishing economy while benchmark rates were already close to zero.
The era of central bank asset-buying began in 2001, when the Bank of Japan instituted the policy in a bid to stimulate the country’s languishing economy while benchmark rates were already close to zero.Foto: Kim Kyung Hoon/Reuters/NTB
Publisert 11. July 2022, kl. 08.09Oppdatert 11. July 2022, kl. 08.09