Source: GSAM, Swedish National Bank, Danish National Bank, European Central Bank, Swiss National Bank, Bank of Japan. All Central Bank Policy Rates are represented by the deposit rate except for the Swedish National Bank, which is represented by the repo rate.

Source: GSAM, Swedish National Bank, Danish National Bank, European Central Bank, Swiss National Bank, Bank of
Japan. All Central Bank Policy Rates are represented by the deposit rate except for the Swedish National Bank, which is
represented by the repo rate.