Rich Pickings: Challenging the narrative on recession, inflation and rates
Fidelity Answers: The Investment Podcast
The Slowdown in the Credit Channel
The long period of interest rates being at zero effective bound meant that the transmission mechanism for monetary policy has changed. And it potentially become longer because companies and households have locked in credit and mortgages at very low rates. So we do think the slowdown is happening through the credit channel. We're already seeing that feeding into actual credit numbers.
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