Wait, the central banks did what was expected for once

Friday Briefing

Eve Maddock-Jones
clock • 3 min read

Over the last nine days, we saw a triple ‘hold’ from the Federal Reserve, Bank of England and European Central Bank, as all three opted to keep interest rates steady at their latest monetary policy meetings.

This means rates are now at 5.25%-5.5%, 5.25% and 4%, respectively, an outcome largely expected by markets. In his ‘what to expect' analysis, Elliot Gulliver-Needham found that markets had priced in a 97.2% chance that the Fed would continue to pause its rate hikes, a bullishness carried across the other central bank forecasts. Hipgnosis continuation votes don't lie (feat. Wyclef Jean) It feels like it has been a while since the actions of the banks aligned so strongly with forecasts from economists, and most now expect rates to be maintained at the current levels until next year, ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot