13/04/2024
Global Investment View
Global Investment Views - April 2024
Global Investment Views - February 2024
Tuesday 20 February 2024
Global Investment View
A challenging rate-cut path for central banks
Markets are reassessing central bank (CB) policy paths amid slowing inflation and a potential economic slowdown but resilient historic data. The speed of disinflation, however, could be affected by tensions in the Red Sea, particularly for Europe. Thus, CBs job is getting difficult as they aim to maintain rates at a restrictive level for the right duration.
In terms of growth, we expect to see a prolonged slowdown in the US concentrated around mid-year. In Europe, we downgraded this year’s growth forecasts and we expect below-consensus inflation in China.
