Draghi ‘confident’ about QE effectiveness as Carney frets over UK consumer
ECB president Mario Draghi delivered an upbeat message on the eurozone recovery on Tuesday as BoE governor Mark Carney addressed concerns over the level of household debt.
QE
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PA ANALYSIS: Is the golden age of central bank support ending?
The old adage ‘don’t fight the Fed’ exists for a reason.
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Hermes: Investors too complacent about market fragility
Hermes Investment Management CIO Eoin Murray believes investors are underestimating markets’ fragility at a time when political uncertainty runs high.
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Tentative times as ECB holds rates
The European Central Bank (ECB) has held interest rates in line with market expectations.
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Guy Stephens: Markets have ingredients for stagflation cocktail
Rowan Dartington technical investment director Guy Stephens said the US, UK and eurozone tick two of the three boxes that point to a stagflationary resurgence.
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Rising eurozone inflation not enough to turn off QE taps
Eurozone inflation rose at its fastest pace since January 2013, but the divergence between the headline and core inflation figures means the European Central Bank will be reticent to loosen monetary policy.
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Central bankers could be “trapped in a QE-forever cycle” – Bill Gross
Central bankers might never be able to overcome their dependency on QE, argued Janus Capital Group’s Bill Gross, but eventually the addiction will come to a head.
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We could be only halfway through QE – Hermes’ Williams
Investors should brace themselves for years more of quantitative easing and low rates as we may “only be half way through”, according to Hermes Investment Management chief economist Neil Williams.
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Eurozone inflation jumps
Eurozone inflation jumped to its highest level since 2013 between November and December 2016, bolstered by strong growth in energy and oil prices.
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Further BoE rate cuts in 2017, economists warn
The stage is set for a further rate cut by the Bank of England next year as growth slows, economists have said in the aftermath of Wednesday’s decision to hold the rates at 0.25%.
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PA ANALYSIS: ECB acts but Japan lesson looms large
While EU leaders unveiled plans for a new €321m state-of-the-art ‘Europa’ Brussels HQ, over in Frankfurt the ECB was building its own foundations for change.
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ECB could fall into QE ‘limbo’ – Pimco
Pimco has warned the European Central Bank (ECB) it could fall into a monetary policy “limbo” situation – unable to exit because it wishes to keep government bond yields sustainable, yet unable to continue in case it oversteps its mandate.
