BlockBeats News, May 17th, macro research firm TS Lombard stated that a drastic tightening cycle is unlikely to occur. Faced with an oil price shock, the extent of global central bank policy tightening may be quite limited. In Europe, the energy shock has already been dragging down economic activity. The UK's labor market has appeared unstable for some time, and hiring sentiment in Europe has also become increasingly subdued. In our view, the tightening efforts of the European Central Bank and the Bank of England this year will be lower than market expectations, a possibility that is currently underestimated. In the United States, the likelihood of the Fed implementing policy tightening in the short term is small, and if it does happen, it is almost certain to wait until 2027. (FXStreet)