In the next economic downturn, central banks will likely have to reach further into their unconventional playbook. The days of simply cutting interest rates in periods of economic and market stress are behind us. In the short term, markets have an unhealthy obsession with parsing every word and phrase of central bankers for clues to their immediate policy intentions. But which policymakers have the most freedom to act and what does that imply about asset prices?

Alex Mack, Fund Manager
Chris Jeffery, Strategist
Mark Chappel, Senior Investment Writer

Read more about Chris and Alex’s research:

http://www.lgim.com/uk/en/insights/our-thinking/long-term-thinking/unconventional-policy-in-the-next-downturn.html

http://www.lgim.com/uk/en/insights/our-thinking/long-term-thinking/freedom-for-the-central-banks.html

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18: Politics & policy: Freedom for the central banks and unconventional policy 27:17 Share

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18: Politics & policy: Freedom for the central banks and unconventional policy