Meanwhile via Reuters… Cen.Banks want communication, not coordination

There is not behind the scenes pact, but the major central banks want a deeper understanding of each others’ motivations, Reuters report says.

I cannot agree more, they need to coordinate more than ever as they withdraw stimulus (steroids). I expect major European CBs ex-BOJ to unwind their policy over the next two three years.

BOJ, with its yield curve control, is best positioned to continue pumping money, while others tighten the screws.

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