The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy
A major question facing many central banks around the world is no longer whether interest rate policies in advanced countries will decouple in a manner that was thought highly unlikely just a few months ago. They already have and will do so even more.
The question is the scope and size of the potential divergence, and the implications for reconciling domestic economic priorities with the avoidance of harmful exchange rate volatility.
您已阅读11%（529字），剩余89%（4193字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。