Jun 18, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: Markets digest central bank decisions
As expected, the Swiss National Bank and the Bank of Japan are sticking to their current course and are unlikely to have any leeway for monetary policy maneuvers for some time to come. The Federal Reserve, on the other hand, is now at least considering the question of when the time might have come to envisage a reduction in the massive stimulus measures. This is now likely to be priced into the financial markets, with the currently still expansive monetary policy of the major central banks giving a boost to technology stocks and the Nasdaq subsequently setting new records.