Monetary policy is partly restrictive in the US and generally still expansionary in the Eurozone – Natixis

Is US or Eurozone monetary policy restrictive, or will it become restrictive? Analysts at Natixis look if the two conditions for monetary policy to become restrictive are met. 

Conditions for monetary policy to become restrictive

“For monetary policy to be restrictive: The real interest rate (calculated with core inflation or with the GDP deflator) must be higher than potential growth; Mortgage rates must be higher than the per capita wage growth rate.”