Weekly market update

News this past week

  • Bank of Japan maintains course
  • Euro area manufacturing surprises on upside
  • UK growth revised down
  • Federal Reserve revises hike expectations
  • US retail sales revised down

James Klempster, CFA shares his view:

Negative interest rates are gradually becoming a mainstream monetary policy tool.  Different central banks have introduced negative policy rates for different reasons.  As the Bank for International Settlements (BIS) notes in a paper published on 6 March: “In some cases the central banks’ declared objective was to counter a subdued inflation outlook, while in others they focused on currency appreciation pressures…”


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