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☆ Why rate cuts this year could disappoint markets, Deutsche Bank says
▼ + stars: | 2024-02-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Market hopes for big cuts this year are unlikely to pan out, Deutsche Bank wrote. AdvertisementMarkets may find that the anticipated rate-cutting cycle falls short of expectations, Deutsche Bank's George Saravelos wrote on Friday. Futures markets forecast five to six cuts this year, slashing the fed fund rate by over 100 basis points by the year's end. That year, the central bank cut rates by 75 basis points, below hopes for a 200 basis point reduction. We have also written about the US economy's dramatically reduced interest rate sensitivity," Saravelos wrote.

Persons: —, George Saravelos, That's, Saravelos Organizations: Deutsche Bank, Service, Deutsche, Futures, Federal, Intelligence, Fed

A banknote of Japanese yen is seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration Acquire Licensing RightsNov 14 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The policy pressures facing Japanese authorities are intense, and the potential risks to financial markets if policymakers misstep are growing. After battling against deflation for decades, the Bank of Japan is moving away from ultra-loose policy. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Florence Lo, Jamie McGeever, Xi Jinping's, Joe Biden, Shunichi Suzuki, Goldman Sachs, Deutsche Bank's George Saravelos, Xi Jinping, Fed's Jefferson, Barr, Mester, Josie Kao Organizations: REUTERS, Economic Cooperation, U.S, Japanese Finance, Bank of, Deutsche Bank's, Mitsubishi UFJ, Sumitomo Mitsui Financial Group, Thomson, Reuters Locations: Tokyo, San Francisco, Asia, Bank of Japan, Japan, India

The MSCI Asia ex-Japan index rose on Wednesday for the first day in five, snapping its longest losing streak since October. On the data front South Korean producer price inflation, Thai trade balance and Taiwanese unemployment and industrial production figures are all scheduled for release. Bank Indonesia is expected to follow the U.S. Fed's example and slow the pace of interest rate hikes while stressing that the battle against inflation is far from over. chartLooking at the broader market picture, the U.S. yield curve continues to retrace its recent historic inversion, with spillovers from the Bank of Japan's yield curve control shock on Tuesday playing a part. The U.S. 2s/10s curve is on course to steepen for a third consecutive week, something not seen since October last year.

☆ Bank of England needs to hike rates next week to calm markets, Deutsche Bank analyst says
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja SmiejkowskaLONDON, Sept 23 (Reuters) - Britain's central bank needs to make a big inter-meeting interest rate hike as early as next week to calm markets and restore credibility, a Deutsche Bank analyst said on Friday. In a research note, Deutsche Bank's George Saravelos said the required policy response was clear: "A large, inter-meeting rate hike from the Bank of England as soon as next week to regain credibility with the market." A decision by the BoE to reverse its planned sale of UK government bonds would make matters worse, he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Dhara Ranasinghe Editing by Tommy Reggiori WilkesOur Standards: The Thomson Reuters Trust Principles.

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