SNAPSHOT2 min read

Janet Mui: weekly economic update 20 September

Central bank meetings were the focus of the week. Economic data from the UK and China suggest activity is sluggish.

20/09/2019
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Authors

Janet Mui
Global Economist, Cazenove Capital
  • The Fed cut US interest rates to 2%. Markets have been left slightly disappointed by the lack of clarity on the path of interest rates from here. 
  • The Bank of England and Bank of Japan left rates on hold. Both central banks have indicated they are willing to ease policy to deal with the respective challenges of Brexit and a tax increase.
  • Chinese data suggests economic growth remains under pressure. The government is more likely to respond with domestic stimulus measures than backing down in the trade war with the US.

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Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

UK
Federal Reserve
China
Brexit
Snapshot
Economic & Strategy Viewpoint
Video
Market views

Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at 40 Esplanade, St. Helier, Jersey JE2 3QB, (No.31076).

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