mpc: 4
A number of market commentators had highlighted US developments as the proximate trigger
for these financial market movements. In particular, unexpectedly high outturns for consumer price
inflation; signs of some slowing in the pace of growth; and greater uncertainty about the outlook for
monetary policy may have led investors to reappraise US and global risks. If that were the case, recent
developments could perhaps be interpreted as a re-pricing of the risk incorporated in asset prices.
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