Disclaimer: Views in this blog do not promote, and are not directly connected to any Legal & General Investment Management (LGIM) product or service. Views are from a range of LGIM investment professionals and do not necessarily reflect the views of LGIM. For investment professionals only.
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Central Banks

Economics

Return of the mac

Rate hikes aren’t the only tool at central bankers’ disposal. Should investors also prepare themselves for more macroprudential policies?  
By John Roe

Economics

Pandemics, belief scarring and the Fed

The annual Jackson Hole economic symposium can lay the intellectual foundations for thinking at the US central bank. From the event, I review a potentially influential paper on economic scarring.;
By Tim Drayson

Fixed income

Central bank bulletin: what, why and where

Within less than 24 hours of each other, the European Central Bank (ECB) and the Bank of England (BoE) have announced they will inject similar amounts of cash into the economy –around 9% of their respective GDPs. Hetal Mehta, Senior European Economist, looks at what it means when central banks go “all in”.;
By Hetal Mehta

Economics

Is the ‘Powell put’ back?

Few saw the Federal Reserve’s emergency cut coming, but there should be little doubt about the Fed’s commitment to additional emergency stimulus.;
By Tim Drayson

Fixed income

Could Australian rates go down under?

Australia is ready to cut its interest rates further, but the country’s central bank is adamantly opposed to making them negative. This matters at a time when other policymakers around the world are considering their options.;
By Alex Mack

Fixed income

Markets are singing, but it’s not quite Christmas yet

A reduction in geopolitical risk has eased some of the pressures on the near-term investment outlook, but the economic party is not in full swing.;
By Ben Bennett

Economics

Does the economy need a helicopter rescue?

How central banks could fly in ‘helicopter’ money to save the economy during the next recession – and what this could mean for markets.;
By Emiel van den Heiligenberg

Economics

The Fed could NIRP a downturn in the bud

Few economists believe the widely expected Fed rate cut will start another prolonged easing cycle. But when that cycle does begin, zero should no longer be considered the lower bound for US interest rates.;
By Tim Drayson

Economics

ECB: the changing of Lagarde

The decision to appoint Christine Lagarde as president of the European Central Bank (ECB) was essentially political. What does that mean for monetary policy in Europe?;
By Hetal Mehta

Currency

The currency flavour of the month

There hasn’t been much volatility in currencies lately. What’s going on?;
By Willem Klijnstra

Economics

The cycle goes on

My prediction of further Fed hikes has not come to pass, but my expectations for an extended cycle still look valid as lower interest rates and a solid consumer sector should support growth.;
By Tim Drayson

Economics

In a tight-ening spot?

The Bank of England kept interest rates on hold in May but said it wants to raise them in the future. Is this possible when many other central banks are backing off from tightening? If so, when?;
By Hetal Mehta

Economics

The curve that's crying wolf

The yield-curve boy is crying wolf, raising recession fears. But the villagers at central banks have responded to dangers already.;
By James Carrick

ESG and long-term themes

The new age of digitalisation

Despite its ubiquity, digital technology has only just begun to penetrate industries;
By Tim Drayson

Economics

Throwing in the Powell: implications of the Fed policy shift

The US central bank has made a dramatic about-turn in its policy stance. We look at what this means for the US economy and markets.;
By Tim Drayson

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