Search Results for: central bank

Current Market Pricing for ECB’s Deposit Facility Rate The European Central Bank expects further rate hikes to fight inflation. Image: BofA Global Investment Strategy

Global Monetary Policy Rates Will inflation cause central banks to tighten monetary policy quicker than expected? Image: Topdown Charts

Monthly Outperformance of NYFANG Over ACWI and ECB QE Total Is the shock of central bank tightening in Europe and Japan the most underappreciated risk this year? Image: BofA Global Investment Strategy

Valuation – Margin-Adjusted Price/Earnings Ratio on U.S. Stocks and U.S. Stocks Price/Revenue Ratio Will central bank liquidity continue to push valuations higher indefinitely? Image: Financial Times

Emerging Markets Debt Yield The cost of servicing emerging markets debt denominated in U.S. dollars has fallen to almost 4%, thanks to global central bank liquidity and the weakening of the U.S. dollar. Image: Morgan Stanley Wealth Management

U.S. Dollar Liquidity Swaps, as a Percent of the Amount Outstanding The Bank of Japan represents nearly 50% of outstanding U.S. dollar liquidity swaps, a much higher rate than any other central bank. Image: Charles Schwab

Market Performance: Q4 2018 vs. Q4 2019 Trade optimism and accommodative central bank monetary policy have contributed to market performance in Q4 2019. Image: Fidelity Investments

Cumulative Number of Global Rate Cuts since the Global Financial Crisis This chart puts into perspective the cumulative number of global rate cuts since the Global Financial Crisis. In 2019, central banks in OECD countries haven’t cut this much since the Great Financial Crisis. Image: BofA Merrill Lynch Global Research

Cumulative Interest Rate Cuts in OECD Countries Central banks in OECD countries haven’t cut this much since the Great Financial Crisis. Image: Deutsche Bank Global Research

Global Real GDP Growth It may take a few quarters for the financial system to feel the effects of the monetary easing measures implemented by central banks this year. Image: Morgan Stanley Research