Global Fixed Income Strategy - February 2020

Monthly insights and updates from the Invesco Fixed Income team

Mar 6, 2020 | Invesco Fixed Income

The main challenge of monetary policy in the past was to contain high and volatile inflation. Policy makers rose to the challenge and brought inflation under control in many parts of the world, including emerging market economies with histories of very high inflation. The current challenge for central banks is quite different. Inflation and interest rates are very low in all advanced economies, which poses a new challenge to policy makers: how to respond to the next slowdown or recession. While a global recession is not the baseline consensus view at the moment, despite rising risks, it is essential to discuss and prepare policy options well in advance.

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