Thursday, 17 November, 2022
Ashley Joye (ARCHR LLP ) Subject: FW: McCrann – RBA locks itself into 25bp rate hike in December {AU} McCrann – RBA locks itself into 25bp rate hike in December RBA governor Philip Lowe and his board have almost locked in a 25 basis point rate rise next month and will be hoping that the December quarter inflation data doesn’t surprise them. https://www.heraldsun.com.au/business/terry-mccrann/rba-locks-itself-into-25bp-rate-hike-in-december/news-story/a8c469db8edf17db244fca6bb12a54a3 The jobs and jobless numbers lock in […] Read More
Wednesday, 16 November, 2022
CALMER VOICES: Poland has no conclusive evidence showing who fired the missile that caused an explosion in a village near the Ukrainian border, president Duda said, adding that Warsaw remained calm in the face of what he described as a “one-off” incident. US intelligence suggests that the rockets were knocked off course by Ukrainian defence systems during yesterdays missile barrages from Russia. CONSUMER CREDIT: NY Fed survey shows households taking on debt at fastest pace […] Read More
Friday, 11 November, 2022
Banks’ Views Post CPI: JPM: Overall, Oct CPI supports the idea that we are moving past the firmest period for inflation and that a decent amount of the inflation we have seen over the past year will prove to be temporary or transitory in nature.”For Fed, the latest inflation news should increase FOMC’s comfort with the idea of slowing the pace of tightening at Dec meeting, and we continue to look for a 50bp hike […] Read More
Thursday, 20 October, 2022
Bank of England Deputy Governor Ben Broadbent said it’s not clear that UK interest rates need to rise as much as markets are betting at the moment. Investors are currently pricing in rates rising to 5% in early 2023, up from as 2.25%. While “the justification for tighter policy is clear” in the face of soaring inflation, demand will slow to some extent anyway, as a result of higher prices, Broadbent said in the text […] Read More
Thursday, 20 October, 2022
20-Oct-2022 01:30:00 – EVANS: IF FED PUSHES POLICY RATE MUCH FURTHER THAN PLANNED IT COULD START TO WEIGH ON THE ECONOMY 20-Oct-2022 01:30:00 – EVANS: WORRIED THAT AT SOME POINT RATE INCREASES COULD HAVE “NONLINEAR” IMPACT, WITH BUSINESSES BECOMING MORE PESSIMISTIC 20-Oct-2022 01:30:00 – EVANS: FED “HONING IN” ON THE PROPER LEVEL FOR RESTRICTIVE MONETARY POLICY 20-Oct-2022 01:30:00 – EVANS: FOLLOWING SEPT. CPI STILL SEES A POLICY RATE NEXT YEAR OF 4.5 TO 4.75% RANGE […] Read More
Wednesday, 19 October, 2022
UK inflation accelerated more than expected driven by food and drinks, adding to a cost-of-living squeeze on households. The Consumer Prices Index rose 10.1% in September from 9.9% the month before, matching a 40-year high reached in July, the Office for National Statistics said Wednesday. Economists had expected a reading of 10%. Read More
Tuesday, 18 October, 2022
BOE: Views since the new Chancellor: * Barclays: Look for 75bp in November, 50bp in December to 3.50% by year-end. * Berenberg: Still look for 100bp in November but now look for 50bp in December (from 75bp) to 3.75%. Look for 75bp cuts in H2-23 instead of 100bp to keep end-2023 Bank Rate at 3.00%. * BNP: “Risks skewed towards a 75bp move” (rather than 100bp previously). Revise down terminal rate forecast to 4.50% from […] Read More
Tuesday, 18 October, 2022
Ashley JoyeManaging Partner T +44 (0)20 7422 2975 M +44 (0)7796 308 391 E ashley.joye@archr.com 49 Carnaby Street,London, W1F 9PYUnited Kingdom ARCHR.COM Read More
Monday, 17 October, 2022
Some European Central Bank officials considering whether to retroactively change their generous long-term lending rules for banks reckon doing so is legally feasible, according to people familiar with the matter. Inflation of 10% and rapidly rising interest rates have eroded the basis for the existing contracts, which were agreed on when price growth was sluggish and borrowing costs were negative, said the officials, who asked not to be identified as the debate is private. Legal […] Read More
Friday, 14 October, 2022
(BN) ECB’s Hawks Target Early 2023 to Start Unwinding Balance Sheet Previous Next Send Actions Translate News: News Story 10/13/2022 21:28:03[BN] ECB’s Hawks Target Early 2023 to Start Unwinding Balance Sheet Officials favor balance-sheet shrinkage to run in background Framework decision on QT would mean they can refocus on rates By Jana Randow and William Horobin (Bloomberg) — Hawkish European Central Bank officials aim to start unwinding the institution’s €5.1 trillion ($4.9 trillion) asset hoard by […] Read More
