Market Flash : Central Banks Remain In Focus

Edmond de Rothschild
By July 31, 2019 07:26

Market Flash : Central Banks Remain In Focus

Central banks once again remained centre stage. Judging from falls in the euro and European sovereign bond yields, investors were clearly expecting big developments over the week. And yet the ECB meeting raised more questions than answers. True, the ECB confirmed that it was worried about growth rates, and inflation in particular, including inflation expectations. This led to a significant shift in communication so as to showcase the bank’s determination to introduce fresh easing from September onwards. Significantly, and rather like the Fed, Mario Draghi once again referred to a symmetrical inflation target, i.e. one which could leave inflation to overheat. The goal is to avoid inflation expectations running out of control. 

Edmond de Rothschild
By July 31, 2019 07:26

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