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.

13/09/2019

Janet Mui

Janet Mui

Global Economist

  • 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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