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Central banks are nearing victory in their battle over inflation, but the balance of risk is tilting increasingly towards economic growth, as observed early August.
As the US Federal Reserve and Chairman Powell have said, the time has come to ease monetary policy. A first rate cut is expected in September, and the only remaining question is the number and extend of future cuts in policy rates.
Discover how this translates into our asset allocation through the insights of Valentin Bissat, senior Economist & Strategist, in our latest Monthly House View.
