Chart of the Month: March 2023

More resilient economic growth, strong labour markets and stickier core inflation has caused the market to revaluate its “pivot” thesis and all but abandon any hope of rate cuts during 2023. For those who want further insights on Eurozone, UK and US markets you can read the latest monthly market update here.

Chart of the Month: February 2023

With signs inflation has peaked and may be turning, the Central Bank jumbo hiking cycle is coming to an end. If the market’s inflation expectations for 2024 are correct (inflation closer to the 2% target) it would allow central banks to unwind their restrictive monetary policy to a more neutral level, resulting in interest rate…