top of page
  • control884

Global macro surprises

Busy week for Macro news and central bankers. #Japan just published its 2Q real gdp with an incredible 6% growth YoY. Adding its inflation rate of 3.3%, its economy is growing almost at 10% in nominal terms. That creates even more pressure for its yield curve control program, #ycc, and it’s 10 year bond keeps pushing higher. In #china, in the meantime, officials have decided they don’t like the youth unemployment data, and they have stopped publishing it. At the same time, as they face a big showdown, they’ve just cut their key policy interest rate by 15 bps to 2.5%. And #russia central bank just concluded an emergency meeting and decided to raise its key rate from 8.5% to 12% to defend the #rubble. These are big moves, that central bankers are forced to do to catch up to news and data. It doesn’t look like they have control on their respective economies.

Want to know more? join Fund@mental here

11 views0 comments

Recent Posts

See All


bottom of page