The ECB's unexpectedly hawkish shift tone prompted a sizeable market reaction, with Italian 10-year bond yields rising 55bps, to 1.95%. However, we...
Philippines | Transitory inflation makes 2022 rate hikes unlikely
Posted by Makoto Tsuchiya on Nov 18, 2021
We concur with the central bank’s (BSP) view that the current rise in inflation in the Philippines is for the most part transitory, reflecting...
Philippines | Pandemic scarring to lower the medium-term policy rate
Posted by Sian Fenner on Aug 2, 2021
We now expect the long-run nominal neutral policy rate – i.e., the rate at which the economy is in equilibrium and monetary policy fully normalized –...
APAC | The varying impacts from higher US bond yields
Posted by Louis Kuijs on Mar 24, 2021
As financial markets started pricing in stronger US economic growth and inflation because of Joe Biden’s stimulus plan, US bond yields have risen....
United Kingdom: MPC relaxes amid some promising signs
Posted by Martin Beck on Mar 19, 2021
March’s MPC meeting proved predictably uneventful. Monetary policy was left unchanged, while the committee was relaxed about the recent rise in bond...
Global | Government bond yields will remain stuck to the floor
Posted by Innes McFee on Jun 20, 2020
The fallout from the pandemic will cement the trend of safe haven bond yields remaining low over the next five years. Any rises will be gradual and...