ING Monthly: An inconvenient truth for central banks - the full report
A recent surge in long-term interest rates in both the US and the eurozone illustrates an inconvenient truth for central banks. As soon as financial markets start believing rate cuts aren't coming anytime soon, market movements could push economies and policy rates in very unpleasant directions. Download our full October ING Monthly below
Executive summary
In this complete PDF report of our latest ING Monthly, our global team of economists and strategists look at where we are right now in the world.
Carsten Brzeski gives his thoughts on interest rate expectations and what markets are making of it all. He suggests there could be some nasty surprises just around the corner.
Surging oil prices are also causing headaches for central banks. We examine what's going to happen next.
Political shenanigans in the US could cause problems further down the line. For now, we look in depth at what's happening to the American economy.
Rob Carnell gives his opinion on just what's going on in China. It appears, at least for now, to have avoided a 'doom loop'.
And, of course, we also look at other major economies around the world, from London to Warsaw, Amsterdam to Budapest. And read the latest from our Rates and FX teams too in this major guide to the economic world right now.
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5 October 2023
ING Monthly: An inconvenient truth for central banks This bundle contains 14 articlesThis publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more