Last week, we heard from policymakers at two European central banks; the ECB and the Riksbank. But while their economic situations and monetary policy outlooks appear...
There is an enormous focus on when central banks, particularly the Fed, will start to reduce rates and the number of likely cuts in 2024.
Financial markets continue to look for the Federal Reserve and the ECB to begin monetary policy easing cycles in June, while expectations for the Bank of...
A plethora of central bank meetings this week threatens to temporarily reverse the significant fall in currency market volatility that has been in place for some time.
That’s what we think other G10 central banks should – and will - do when they consider rate policy this year. It means that they should still push ahead with rate cuts...
Currency markets have been remarkably stable; particularly the key currency pairing, euro/dollar. But why is that, and is it likely to persist?
Inflation is crucial, and, on this score, the risk is that the Fed will have to keep rates higher for longer; not the ECB.
The UK and euro zone are going to stay in a very low-growth funk rather than bound out of the economic downturn as they did when Covid restrictions were lifted.
If you look at market pricing of rate policy this year, you will see that it projects that the ECB will start to reduce rates a little later than the Fed and cut rates...
There continues to be a good deal of focus on financial market pricing of central bank policy this year, particularly the Fed.
There continues to be a good deal of focus on financial market pricing of central bank policy this year, particularly the Fed.
The question today is whether the tensions in the Red Sea could produce the same sort of energy and terms of trade effects, so imperilling the euro – and other European...
If you look at financial market pricing of future monetary policy for the Fed and ECB this year, you will see that the Fed is projected to cut rates just before the ECB.
Perhaps understandably, there’s been what might be called ‘rate-cut-creep’ in the markets as it seems that both analysts and market pricing have inched forward the...
Investors want to buy assets ahead of a possible surge in prices as they know that the last two easing cycles have created what many describe as “everything bubbles”.
It seems that developed-country central banks have finished their tightening cycle, with the exception of the BoJ which has yet to start. But those banks meeting this...
The euro has come under some modest pressure recently against other developed currencies.
A much sharper than expected fall in euro zone inflation data for November weighed on the euro. However, we see two reasons why falling inflation won’t weaken the euro...
Some central bankers continue to stress that monetary policy has to stay restrictive for a considerable period of time.
The Standard Bank has argued before, and continue to believe, that the decisive break, when it comes, will be the high side and that euro/dollar will rise to the 1.20...
The big central banks in Europe – the ECB and Bank of England – will start to cut rates before the Fed. But that’s not what is being priced in by the market, according...
Just recently we’ve heard a number of officials, often from central banks, argue to the effect that defeating inflation with higher rates is more like a marathon than a...
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