At his penultimate meeting, outgoing President of the European Central Bank (ECB) Mario Draghi announced a series of measures to ease monetary policy in the listless region. The bank cut deposit rates by 10 basis points to -0.50% and will restart quantitative easing (QE) on 1 November. At just €20 billion (£17.7bn) per month it’s peanuts compared to historic QE – since 2015 the ECB’s bond purchases have totalled €2.65 trillion – but crucially the new programme has no set end date. Until inflation gets back to 2% and stays there, QE and zero rates are here to stay.
Rathbones is delighted to be a partner of the Durrell Wildlife Conservation Trust, whose latest strategy, Rewild Our World, represents an ambitious commitment to getting nature back on track in the face of “a planet under pressure”
The UK went backwards in the second quarter as businesses trod water ahead of the Brexit deadline. Our chief investment officer, Julian Chillingworth, ponders what it means for interest rates.
No end in sight.
A ghoulish Brexit is weighing on sterling and Donald Trump trade war with China is weighing on the Federal Reserve. Chief investment officer Julian Chillingworth looks at the effects of both.
US President Donald Trump keeps rattling trade markets and keeping investors antsy. Our chief investment officer Julian Chillingworth asks, is he using the markets to pressure the US Federal Reserve to cut interest rates?
Hosted by journalist and broadcaster Andrea Catherwood, the Rathbones Look forward series brings you closer to some of the world’s leading political, cultural and philosophical thinkers. Our guests discuss topics on the world of tomorrow, ranging from the future of democracy to the importance of the pursuit of truth in this era of fake news.
Now that the latest round of China/US trade talks have come to an uninspiring end, attention will shift to this evening’s announcement from the US Federal Reserve and the expected 0.25% rate reduction in the real interest rate. Markets will also be searching for clues as to whether there will be any further rate cuts this year, or whether this is a one off insurance cut.