Tag Archives: Interest rates

Market Volatility? “NOP”, says the Fed.

As expected, the Fed did not change policy at its meeting last week, as the “dot plot” shifted downward – closer to, if still well above, the levels priced into the market. In the press conference, Fed Chairman Janet Yellen … Continue reading

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Asset Management: No Miracle Cure, But it Can Help

In this month’s CIO Letter we offer our analysis of the broader implications of our world view (sub-par growth with multiple volatility fertilizers), focusing on the financial sector and investment policies.

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Listening Closely to Janet Yellen (It’s Not about Equity Valuations)

In a question and answer session with the IMF’s Christine Lagarde last week, Fed Chairman Janet Yellen made a number of statements about systemic risks, but the media highlighted her equity valuation soundbite – that valuations “are at this point … Continue reading

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Chinese Rates – What’s Next?

A View from the Emerging Markets Desk Following several months of disappointing inflation data, the Chinese Central Bank moved to cut rates on Sunday. The People’s Bank of China (PBoC) cut the benchmark interest rate by 25bps, the third cut … Continue reading

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ABBA Time

Mamma Mia!! Yesterday morning (Thursday February 12th 2015) the Swedish central bank (the Riksbank) decided to take a chance on Quantitative Easing (“QE”), cutting the repurchase rate to -0.10% and announcing a bond-buying programme of SEK 10bn (approx. €1bn). The … Continue reading

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