Signs of pain as easy cash era ends are growing

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Reuters UK

LONDON (Reuters) – The easy-cash era is over and markets are feeling the pinch from the sharpest jump in interest rate in decades. The collapse of U.S.-lender Silicon Valley Bank (SVB) in early March after heavy losses on its bond portfolio as rates climbed was a wake-up call for markets that monetary tightening will likely bring more pain. Since late 2021, big developed economies including the United States, euro area and Australia have raised rates by almost 3,300 basis points collectively. The race to raise rates Here’s a…

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