Hints and tips:
Related Special Reports
...Central bankers are increasingly confident that inflation can be vanquished without driving up unemployment sharply, as economists forecast “immaculate disinflation”....
...Since the UK’s exit from the EU, the European Central Bank has pushed international banks to manage their EU business with local staff rather than relying on London-based decision makers, urging banks to...
...European stocks held steady in early trading on Monday as traders look ahead to a busy day of commentary from central bank policymakers on both sides of the Atlantic....
...The same could be said of inflation forecasts and central bankers....
...The week’s statements have also pointed to the limits of central bankers’ ability to direct markets and signal policy intentions with subtle verbal public comments....
...Markets seem to think so, but comments from central bankers this week may temper that enthusiasm. Also, we go long the antitrust suit against Google, and long the UK’s campaign against greenwashing....
...Among those questions is whether to raise rates first to zero or directly into positive territory; what to do about the central bank’s vast bond portfolio; and most important of all, what to signal about...
...Basel III: if ever there were three syllables that could bring a grown banker to tears, these are they....
...The dilemma also applies to all other central bankers....
...Our expert Chris Giles has much to say about this, and other central bank matters, in his excellent newsletter. Sign up here to get this sent to your inbox every Tuesday....
...This is true for the Federal Reserve, European Central Bank and the Bank of England and there is not a lot of difference between how much rate expectations have changed on both sides of the Atlantic....
...The owners of the long faces you show — Jay Powell, Andrew Bailey and Christine Lagarde — should do their homework (“Central banks rethink forecasting after failures”, Report, December 29)....
...In answering that question, the main central bankers have to remind themselves of four crucial points....
...As far as interest rate decisions are concerned, central banks ended 2022 and 2023 on the same page....
...Officials hold firm While financial markets have substantially revised their views of the future, central bankers have not....
...French central bank head François Villeroy de Galhau said a rate cut was likely in April or June. Finland’s central bank boss Olli Rehn said the risks of cutting too soon had “significantly decreased”....
...A third important use case arises from central banks’ delicate relationship with governments....
...European stocks opened higher on Monday as traders look ahead to a busy day of commentary from central bank policymakers on both sides of the Atlantic....
...Across the Atlantic, Wall Street’s S&P 500 and the tech-heavy Nasdaq Composite added 0.1 per cent and 0.3 per cent respectively....
...Prosecutors also claimed that the banker attempted to use at least SFr1mn of his client’s funds to try and keep his bank afloat....
...There was a time not long ago when central bankers liked to say it was too early even to think about cutting rates....
...European Central Bank president Christine Lagarde has told the central banker he can appeal to the European Court of Justice to decide if any move to prosecute — and therefore suspend — him is legal....
...For some mysterious reason central banks limit themselves to clunky 25 basis point moves or multiples thereof....
...“Claudia is very scripted,” one senior banker said. “We don’t really know who she is yet.”...
...The development banks are risk minimisers, mandated to protect their AAA rating. Offloading currency risk is as natural for a development banker as maximising return is for a commercial banker....
International Edition