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What will life after zero look like?

Reversal from zero rate scenario could cause market angst on the timing and magnitude of future hikes and thus, volatility

RISK assets are grinding higher and volatility is extraordinarily low. Nominal economic growth is subdued (but rising) and monetary stimulus still plentiful. What are the implications of the first post-crisis divergence in central bank strategy? And what does life after zero (rates) look like?