HSBC: Central Banks Are Running Low on Ammunition

Does a “titanic” policy problem loom?
Arctic Sea Ice

Watch out for the ice floes.

Photographer: Pim Viuk
“The world economy is like an ocean liner without lifeboats.” That’s the headline in HSBC Chief Economist Stephen King’s latest note. What he’s getting at is that with interest rates sitting at or near record lows in economies across the globe, central banks could be set for major struggles if the economy starts to sour…
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