SNAPSHOT2 min read

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.



Janet Mui
Global Economist, Cazenove Capital
  • 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.

This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

All data contained within this document is sourced from Cazenove Capital unless otherwise stated.


Janet Mui
Global Economist, Cazenove Capital


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