In this issue, you will find Hélène Baudchon 's editorial, as well as the update of our “EcoNews” and “Markets Overview” sections.
Unsurprisingly, the Bank of Japan (BoJ), the U.S. Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BoE) opted to keep their policy rates unchanged at their meetings in April. However, beneath this shared decision lie subtle differences that enable us to categorize each central bank based on how ready they are for a rate hike in the near future. The ECB ranks first, followed closely by the BoJ and the BoE, with the Fed remaining apart. Although the current energy shock is a global phenomenon and of a stagflationary nature (leading to lower growth and higher inflation), the dilemma varies for each central bank
The latest economic news.
The energy-led rise in inflation remains contained. But pressures are building and consumer and services confidence is suffering.
Equity indices, currencies, commodities, bond markets.
