The big macro event of the week for investors in the United Kingdom is the latest iteration of ‘super Thursday’, with the Bank of England making an interest rate decision and releasing its Inflation Report.
The Bank of England’s Martin Weale has hinted he is not ready to vote for cutting the headline interest rate at the Monetary Policy Committee’s next meeting.
The Bank of England has chosen to keep its powder dry by backing off from the interest rate cut that had been hinted at, but is this a U-turn or just minor detour?
Gilt yields have gone negative for the first time in the wake of Mark Carney’s speech on the economy yesterday afternoon.
Bank of England governor Mark Carney has indicated an interest rate cut and other new stimulus measures are on the cards.
A Federal Reserve interest rate rise this month is now widely considered off the table after the latest non-farm payroll number came in significantly below forecasts.
Bank of England Monetary Policy Committee member Gertjan Vlieghe has given a speech indicating an interest rate cut could be on the cards following the referendum on European Union membership.
Flatter global growth likely, but worries of recession are misguided.
Negative interest rate policies have started to unnerve investors, even though Sweden, Denmark, the eurozone and Switzerland have all had negative policy rates for over a year.
Schroders has appointed James Lindsay-Fynn as a portfolio manager focusing on rates and currencies.
“If you buy investment grade debt, it looks like the Fed will be in your corner,” said David Buckle, head of quantitative research at Fidelity.
Fund managers weigh in after ECB president Mario Draghi jolted markets with his bold monetary policy moves.
