Friday, 17 September, 2021
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.https://www.ft.com/content/0ee1336d-1c7c-43b5-a8ed-f141f31fb70e The European Central Bank expects to hit its elusive 2 per cent inflation target by […] Read More
Thursday, 16 September, 2021
following on BAML yesterday bringing forward to Feb, full piece from earlier today:: BOE: GS push forward first BOE hike forecast: * Goldman Sachs has pushed forward its initial Bank Rate hike to May 2022 (15bp) “to be followed by subsequent increases of 25bps every two quarters, putting Bank Rate at 0.5% in 2022Q4, 0.75% in 2023Q2 and 1.0% in 2023Q4.” * They expect reinvestments to cease when Bank Rate reaches 0.5% in Q422 […] Read More
Wednesday, 15 September, 2021
Markets may be overestimating Delta’s impact – ECB’s Schnabel – Reuters Sentiment:Mostly negative 15-Sep-2021 13:47:36 FRANKFURT, Sept 15 (Reuters) – Euro zone real interest rates are puzzlingly low, European Central Bank board member Isabel Schnabel said on Wednesday, arguing that investors may be overestimating the impact of the Delta variant of the coronavirus on the economy. “The market may be overestimating the risks to the global growth outlook from the spread of the more contagious […] Read More
Wednesday, 15 September, 2021
https://newsletters.briefs.bloomberg.com/document/yYld-gEGcPsjNZLzs3balA–_b7z4cnqb70dzj94rma The latest U.K. jobs data suggest the labor market was carrying significant momentum over the summer, but how employment and wages respond to the furlough scheme ending this month will be central to the timing of any move from the Bank of England; The European Central Bank is having a dampening effect on volatility (to the benefit of carry trades) for now, before the big decisions on asset purchases are made later this year; […] Read More
Tuesday, 14 September, 2021
14:16:20 CHRIS JARVIS: CPI missing has cleared the road for yields to keep grinding lower into retail sales and OpEx later in the week. This was the view I held last week but may have jumped the gun a bit with the trade idea. CPI beating was flagged as the key risk to expressing a view where markets price in lower growth and inflation while risk wobbles. We are starting to see this risk be […] Read More
Friday, 10 September, 2021
Neil is living with a brain tumor and Brain Tumor UK would love your contribution. If you know Neil or the cause is close to your heart take some time to contribute to this very worthy charity. Or even join the walk on the 25th of September to show your support ———————————————————— Walk of hope Read More
Thursday, 09 September, 2021
(BI) Bank of Canada Paves Way for Taper End, Quantitative Tightening 1. Bank of Canada Paves Way for Taper End, Quantitative Tightening Central Bank Speaker “Eventually, when we need to reduce the amount of monetary stimulus, you can expect us to begin by raising our policy interest rate. What this all means is it is reasonable to expect that when we reach the reinvestment phase, we will remain there for a period of time, at […] Read More
Wednesday, 08 September, 2021
(NPW) Bank of England’s Bailey says pace of recovery is leveling off Bank of England Governor Andrew Bailey said Britain’s economic bounce-back from its COVID lockdowns was showing some recent signs of a slowdown and that he was a bit concerned about the problems facing companies trying to fill vacancies. “At the moment, we’re seeing some leveling-off of the recovery,” Bailey told the Treasury Committee in the lower house of parliament. He reiterated his view […] Read More
Wednesday, 08 September, 2021
(BFW) BlackRock Says ECB Meeting Paves Way for Additional Easing (Bloomberg) — The weak medium-term inflation outlook implies the central bank will have to step up its asset-purchase program after the PEPP expires in March, according to BlackRock Investment Institute. Also note investors should watch out for the longer-term policy implications of a new governing coalition in Germany, strategists including Wei Li and Elga Bartsch write in a note “A more conservative fiscal stance in […] Read More
Tuesday, 07 September, 2021
Summary of ECB Analyst Views • Most analysts expect the ECB to announce a slowdown in PEPP purchase rate, with a decision on the 2022 policy mix delayed until the December meeting. • Inflation forecasts are expected to be revised higher, with medium-term inflation still below target, while there is slightly less agreement among analysts on the direction of forecast revisions for medium term economic growth. Barclays • Given the improvement in economic conditions, the […] Read More
