(Bloomberg) --
With global growth getting shakier by the day and macro risks ramping up, market pricing for monetary easing has reached new extremes. For central banks with breathing space, like the U.S., Australia, and New Zealand, a series of cuts has been baked in. Even Japan and Europe, who have already taken their benchmark interest rates negative, are seen pushing lower by year-end.
To contact the reporter on this story: Stephen Spratt in Hong Kong at sspratt3@bloomberg.net
To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Brett Miller, Matt Turner
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