TS Lombard: Global central banks unlikely to resume major tightening

Macro research firm TS Lombard has analyzed that the likelihood of global central banks resuming major tightening cycles is low, BlockBeats reported. The firm noted that despite the shock of rising oil prices, Europe is already showing signs of an economic slowdown and a weak labor market. This suggests the intensity of tightening by the European Central Bank (ECB) and the Bank of England (BOE) this year will likely be lower than market expectations. TS Lombard also views the possibility of a short-term rate hike by the U.S. Federal Reserve as limited, adding that any further tightening would likely not occur until after 2027.