Snapshot - Strategy & economics
Janet Mui: weekly economic update 13 September 19
The European Central Bank has delivered a significant stimulus package, but it is clear that European governments need to do more to boost growth.
- Negative interest rates are here to stay as the ECB cuts rates and pledges to keep them low until inflation recovers.
- US headline inflation has picked up, though it probably won’t deter the Fed from cutting rates later this month.
- Early data suggests that UK output will pick up this quarter. We remain cautious on the outlook.
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