Global policy makers and central banks are starting to diverge on what is needed to boost global growth. It may be a small gap, but it is growing, says Saxo Bank’s Chief Economist Steen Jakobsen.

He looks at the how the latest statements from the G20 meeting in Shanghai and the IMF meeting in Washington have questioned whether monetary policy action like lowering interest rates and manipulating foreign exchange rates is doing any good.

Steen says it seems that politicians agree that more of the same is not the answer. Whatever is remains to be seen, but it will matter for investors and how they allocate their money, Steen says.

Get more insight from Steen Jakobsen on this in his latest chronicle “The narrative is changing” on Tradingfloor.com