Thursday, 3 November 2022 Please click here to read the PDF version Markets • The Fed yesterday raised rates by the expected 75 bps to 3.75-4%. That brings the policy rate further in restrictive territory, meaning that it actively dampens the economy and over time should cool inflation. Further hikes Read more…
Sunset Tuesday, October 11, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • And there is the Bank of England again. Just yesterday, it announced additional measures to support market functioning. In a statement today, the UK central bank widened the scope of its emergency gilt Read more…
Thursday, 29 September 2022 Please click here to read the PDF version Markets • The Big Bail(ey)-Out. By announcing a temporary purchasing programme of long-dated UK Gilts, the Bank of England put an end to the unfolding bond crash. Originating from the Financial Policy Committee, it is a measure to Read more…
Sunset Wednesday, September 28, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • The heavy UK Gilt sell-off triggered a response by the Bank of England. They consider the repricing, especially at the very long end of the curve, as a material risk to UK financial stability Read more…
Friday, 23 September 2022 Please click here to read the PDF version. Markets • Wednesday’s ‘hawkish’ 75 bps Fed rate hike only reinforced markets’ belief that tightening of global financial conditions still has some way to go. Other central banks including the Norges Bank (+ 50 bps), the Swiss national Read more…
Wednesday, 7 September 2022 Please click here to read the PDF version Markets • Try and stop the dollar. The greenback remains in absolute pole position against peers. Yesterday was no different. The trade-weighted DXY surpassed the 110 barrier for the first time since 2002. EUR/USD closed at a new Read more…
Friday, 5 August 2022 Dear reader, There will be no KBC Economics-Markets reports from Monday, August 8 to Friday, August 12. We resume our publications on Tuesday, August 16. *********************************************************************************************************** Please click here to read the PDF version Markets • The Bank of England policy meeting was widely watched yesterday, Read more…
Sunset Thursday, June 16, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • This morning, there was hope that chair Powell’s clarification on the Fed’s normalization path could bring some ST consolidation after recent sharp repositioning. Especially Powell’s remark that 75 bps hikes won’t become the Read more…
Friday, 6 May 2022 Please click here to read the PDF version Markets • On Wednesday the Fed hiked its policy rate 50 bps and signaled more such steps to come. At the same time, chair Powell said that 75 bps steps were not on the table. This message at Read more…
Thursday, 7 April 2022 Please click here to read the PDF version Markets • FOMC Minutes took centre stage yesterday and rightly so. They confirmed willingness from Fed governors to step up the tightening cycle. Many participants noted that one or more [half-percentage-point] increases in the target range could be Read more…