The era of cheap money is far from over with Fed keeps its policy rate steady and BoJ tweaks its monetary framework

Good Morning,

Highlights of the week:-

·         The era of cheap money is far from over with Fed keeps its policy rate steady and BoJ tweaks its monetary framework ·         ECB signals a cautious outlook for the global economy warning of a tightening of financing conditions and an increase in political uncertainty ·         Although the BoJ overhauls its policy framework, there is no actual increase in monetary stimulus ·         Malaysia govvies see yields decline across the board in response to Fed’s decision to hold policy rates steady