News > ‘Economic Accident’ would precede any central bank pivot

‘Economic Accident’ would precede any central bank pivot

Mohamed El-Erian has given a warning word from the Federal Reserve and other central banks for fears of an end to interest rate hikes.

Closely-followed investors and strategists point to the turmoil in markets last week, in which the Bank of England intervened to prevent a recession in the gilt after the UK tax cut proposal, as a sign of economic fragility.