PA ANALYSIS: Is the ECB scared to turn off the QE tap?
European Central Bank president Mario Draghi delivered a relatively short address on Thursday which was light on substance, but there was something in his remarks that may worry investors.
QE
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Are we just halfway through the QE cycle?
Has macro analysis simply become an attempt to second guess what the central banks are going to do?
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PA OPINION: Leverage fears undermine ‘myth-making’ central banks
With central banks loosening their belts so much comes the risk of policy makers getting caught with their trousers down.
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BoJ’s QE revision – business as usual or a change in tactic?
The mere suggestion of a revision of the Bank of Japan’s monetary policy has already had an impact on government bond markets but the uncertainty surrounding the exact shape of governor Haruhiko Kuroda’s plan has left investors divided on whether genuine returns in the sector are possible.
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ECB goes into holding pattern
The European Central Bank decided to stick rather than twist today as it announced the deposit rate has been held at -0.4%, the refinancing rate held at zero, and the details of its €80bn per month quantitative easing programme are unchanged.
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PA ANALYSIS: Should the ECB admit defeat on QE now?
As France and other parts of the eurozone return to work after an August on the beach or in the countryside, the focus of investors turns once again to Mario Draghi and the European Central Bank.
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BoE’s monetary magic isn’t working for investors – Psigma
The Bank of England’s efforts to soothe the post-Brexit economy are discouraging savers from spending and pushing them into riskier investments, warned Tom Becket, Psigma CIO.
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BoE cuts rates to 0.25%, turns on QE tap
The Bank of England’s Monetary Policy Committee has cut interest rates to 0.25%, and committed to a new term funding scheme to “reinforce the pass-through” of the decision into the broader market.
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BoE keeps rates on hold; is QE on the cards?
The Bank of England’s Monetary Policy Committee has surprised commentators by voting 8-1 to keep interest rates on hold at 0.5%.
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Odey issues warning on QE as his European fund struggles
Hedge fund boss Crispin Odey has bemoaned the “misdirected” implementation of the European Central Bank’s quantitative easing programme.
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Unconventional monetary policy: Catch-22
Quantitative easing is far from finished as central banks realise procrastination will not halt deflationary forces.
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Is this the end of the bond barbell strategy?
Bond market sectors are becoming increasingly correlated — and this is bad news for fixed income investors seeking to manage risk through sector diversification.
