Global rates to rise in 2015? Not likely

The mixed signals being sent out by central banks suggest the market is overpricing the timing and magnitude of a rate rise, and that policy coordination between the Fed, BoE and ECB may prove a tricky feat.

The increasingly erratic actions of central banks, especially in the UK and US, suggest the market is overpricing the timing of the first rate hike and the degree to which rates will rise.

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