More and more central banks are signalling a reduction in the pace at which they are raising key interest rates. However, as Chief Economist Gerhard Winzer explains, this does not necessarily mean that central banks are softening their focus on fighting inflation. Rather, a pause in the rate hike cycle would require a change in inflation dynamics.
This year brought a turning point in the monetary policy of the major central banks. The crucial question is whether this turning point is cyclical or structural. It is therefore worth taking a look at the neutral interest rate, as this captures structural macroeconomic changes.
Hands off Chinese equities? The confirmation of another term in office for China’s state and party leader Xi Jinping triggered a plunge in share prices on the Hong Kong and Shanghai stock exchanges. Equities Technology in particular came under pressure. What happens now?
In 1972, the Club of Rome published its first analysis of the “Limits to Growth”. Fifty years later, the non-profit organisation asks in a book whether green growth is possible at all.
The soaring US dollar is causing problems in countries outside the USA. In Japan, the Yen has weakened considerably recently because, unlike the other central banks, the Bank of Japan is sticking to its ultra-loose monetary policy. Against this backdrop, the meeting of the Japanese central bank next Friday will be more in focus than usual.
Corrections on the markets are often painful, as previous price gains are reduced or the investment even slips into the loss zone. However, price declines can also offer opportunities. Our expert Johann Griener presents a possible entry strategy for the dividend share segment.
Global equity markets have been under pressure for several months. The short recovery phase in the summer did not last long. What are the reasons for the bear market and when could be a good time to enter?
The mood among investors in the bond sector in emerging markets is mixed, as this year’s Emerging Markets Credit Conference held by US investment bank J.P. Morgan showed. Thomas Oposich, Senior Fund Manager, reports on the conference and his impressions.
The inflation problem continues to preoccupy the central banks. They are likely to maintain their basic restrictive stance until inflation rates have convincingly embarked on a downward trend.
What do global risks and rising interest rates mean for the economy? We talked to
Prof. Dr. Ernest Gnan, Secretary General of SUERF – The European Money and Finance Forum and former Head of the Economic Analysis Department of the Oesterreichische Nationalbank.
