It is all about the money. Follow the cash. The Council on Foreign Relations has the tool to do it through its CFR Global Monetary Policy Tracker. The graphical tool can provide current monetary policy for any country in the world and generate a historical look-back for the changes in policy through time.
Current monetary policies show that only a few countries are tightening and the most likely reason is protection from currency depreciation and capital outflows. The current global environment is only slightly biased to tightening because of the weighting to the Fed. Market expectations for the Fed are somewhat neutral. This is not a substitute for more extensive analysis, but if you want to take a quick look on where the world stands on monetary policy, this is the simplest yet most informative tool available.
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