Per-Johann Reichert’s Post

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy

Comments by Michael Krautzberger, Global CIO Fixed Income at Allianz Global Investors, ahead of the European Central Bank (ECB) meeting on 12 September: - We expect the European Central Bank to cut rates by a further 25bp at its September 12 meeting and to revise down its 2024 and 2025 growth and inflation forecasts - Market impact is anticipated to be limited. But it would mean interest rate differentials versus Japan would continue to come down which may result in continued higher FX volatility recently and might continue to do so - Until recently the market consensus was clearly that December would see the next cut after this one. With the weakening in the US labour market and increasing talk of a possible 50bp US Federal Reserve cut an October move cannot be excluded #NavigatingRates #ECB #MonetaryPolicy