As expected, the Bank of England raised its bank rate by 25bps to 4.5% on Thursday, marking the 12th consecutive rise. Notably the updated projections show a significant improvement in the economic outlook. The upwards growth…
The change in the BoE’s tone has likely altered the path for sterling. In this report, we explore if the BoE’s lens for monetary policy is justified, and provide some targets for the pound.
The change in the BoE’s tone has likely altered the path for sterling. In this report, we explore if the BoE’s lens for monetary policy is justified, and provide some targets for the pound.
According to BCA Research’s European Investment Strategy service, the ECB is wading into policy-mistake territory because it is overemphasizing lagging indicators such as wages at the expense of leading indicators such as…
The rebound in European economic conditions that began at the end of 2022 has ended. On Monday, the Eurozone Sentix sent a pessimistic signal about investor confidence. The headline index fell from -8.7 to -13.7 in May…
At 3.8%, the yield on 10-year UK Gilts is now back near where it was in early March. This marks a round-trip after the yield fell to as low as 3.3% in the weeks following the emergence of bank stress in the US and Europe.…
The ECB continues to focus on lagging indicators and risks once again to cause a policy error that unduly hurts European growth. What does it mean for investors?
As anticipated, the ECB downshifted the pace of rate hikes on Thursday, delivering a 25bps increase. Moreover, the central bank announced that it “expects” to end APP reinvestments in July. President Christine…
The Norwegian central bank’s 25bps policy rate hike on Thursday was in line with consensus expectations. The lack of a decisive peak in headline CPI inflation – which has been gyrating in the 5.9-7.5% range since mid-…
The initial phase of the EU’s ambitious CBAM will launch 1 October and will begin collecting a carbon tax in 2026. Between now and then, it will be challenged as it attempts to put a price tag on CO2 emissions as imports cross the EU…