id_home_story

DNB: Wat betekenen oplopende energieprijzen voor inflatie en monetair beleid?

Thu, 16 Apr 2026 14:06:46 +0200

De oorlog in het Midden-Oosten zorgt voor hogere olie- en gasprijzen. Dat roept herinneringen op aan 2022, toen stijgende energieprijzen de inflatie fors opstuwden. Maar hoe vergelijkbaar is de huidige situatie eigenlijk, en wat betekent dat voor inflatie en monetair beleid vandaag?

Aberdeen: BoE houdt rente stabiel

Thu, 16 Apr 2026 09:25:55 +0200

Luke Bartholomew, Deputy Chief Economist bij Aberdeen, geeft commentaar op de Britse bbp-cijfers die vanmorgen bekend zijn gemaakt.

Han Dieperink: An oil shock does not necessarily lead to inflation

Tue, 14 Apr 2026 15:23:32 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Han Dieperink, written in a personal capacity

There is a strong likelihood that the oil shock resulting from the war in Iran will ultimately have a deflationary effect. That may seem strange. Surely a sharp rise in oil prices leads to higher inflation?

PIMCO: Commentary on yesterday's BOE and ECB announcements

Fri, 20 Mar 2026 09:09:55 +0100

Peder Beck-Friis, Economist, and Konstantin Veit, Portfolio Manager, comment on yesterday’s Bank of England (BOE) and European Central Bank (ECB) announcements, respectively.

Ethenea: Forced to wait

Wed, 18 Mar 2026 09:30:07 +0100

The exogenous shock of rising energy prices is forcing Europe’s monetary authorities into a standstill.

Carmignac: Busy week for central banks

Tue, 17 Mar 2026 13:11:23 +0100

By Kevin Thozet, a member of the investment committee at Carmignac

With all the major G10 central banks holding policy meetings this week, central bank watchers are set for an unusually intense stretch.

Harry Geels: Monetary policy is never neutral and is becoming increasingly political

Tue, 03 Mar 2026 12:08:58 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Harry Geels

Anyone who follows the recent statements and actions of European central bankers will find it difficult to maintain that monetary policy is an apolitical exercise. In fact, it seems that central banks, whether voluntarily or forced by geopolitical circumstances, are increasingly entering the political arena.

PIMCO: Under a Warsh Fed, expect a thoughtful policy approach

Mon, 02 Feb 2026 12:11:15 +0100

Kevin Warsh, a respected and experienced policymaker and investor, has been nominated as the next U.S. Federal Reserve chair.

By Richard Clarida, Global Economic Advisor at PIMCO

Ossiam: Centrale banken balanceren op dun koord

Tue, 27 Jan 2026 15:29:10 +0100

De oplopende overheidsschulden in de Verenigde Staten, het Verenigd Koninkrijk, Frankrijk en vanaf 2025 ook Duitsland, zetten centrale banken voor een strategisch dilemma.

Ostrum AM: BoJ zet belangrijke stap naar normalisatie monetair beleid

Thu, 18 Dec 2025 12:35:48 +0100

De Bank of Japan (BoJ) zal de rente aanstaande vrijdag naar verwachting met 25 basispunten verhogen naar 0,75%. Dit is het hoogste niveau in 30 jaar en markeert een belangrijke stap in het geleidelijke normalisatieproces van het Japanse monetaire beleid.

Schroders: Renteverhogingen te snel en te fors ingeprijsd

Thu, 18 Dec 2025 09:14:37 +0100

James Bilson, Fixed Income Strateeg van Schroders, stelt dat de recente golf aan ingeprijsde renteverhogingen in de grote economieën de obligatierentes weliswaar naar een hoger niveau heeft getild, maar dat ze volgens hem te ver gaat. Nu een ‘soft landing’ waarschijnlijker wordt, ontstaan aantrekkelijke instapmomenten.

Swissquote: BoE’s got the greenlight

Wed, 17 Dec 2025 09:05:40 +0100

By Ipek Ozkardeskaya, Senior Analyst, Swissquote

Markets didn’t like yesterday’s mixed US jobs data — which is odd, because the data was actually quite soft. And markets usually like soft data: softer data raises the odds of rate cuts, pushes yields lower and supports valuations.

Harry Geels: Trump's call to lower interest rates is grotesque and dangerous

Wed, 17 Dec 2025 09:40:45 +0100

_{This column was originally written in Dutch. This is an English translation.}

By Harry Geels

Donald Trump recently said that the new Fed chair should consult him on interest rate policy and that the US should have the lowest interest rates in the world. This undermines the Fed's independence, is likely to lead to a further weakening of the dollar, increase inequality, and undermine free markets.

AllianzGI: Japanse renteverhoging verwacht

Tue, 16 Dec 2025 12:22:44 +0100

Naar verwachting zal de Bank of Japan tijdens de vergadering deze week de beleidsrente verhogen naar 0,75%.

Aberdeen: All ingredients for further interest rate cuts by the BoE are there

Tue, 16 Dec 2025 12:10:00 +0100

Luke Bartholomew, Deputy Chief Economist at Aberdeen, comments on today's UK unemployment figures and Thursday's BoE meeting:

PIMCO: What investors should know about the UK budget

Fri, 28 Nov 2025 12:26:39 +0100

While the Chancellor met her fiscal rules with unexpected headroom, the real challenge lies in delivering on future commitments.

By Rupert Harrison, UK Senior Advisor, and Peder Beck-Friis, Economist, at PIMCO

Aberdeen: Reeves could still positively surprise the gilt market

Tue, 25 Nov 2025 12:22:57 +0100

By Matthew Amis, Investment Director – Rates Management, Aberdeen Investments

Chancellor Reeves could still positively surprise the gilt market on Wednesday. Having stepped back from income tax hikes, the market noise may yet be behind us – but Reeves has one trick left.

Ethenea: How monetary policy independence is being eroded

Thu, 20 Nov 2025 15:10:45 +0100

‘The question is no longer whether the US monetary policy system will change, but how quickly and what consequences this will have for the capital markets,’ comments Jörg Held, Head of Portfolio Management. ‘The fact is that the markets are already trading on this change long before it is openly discussed.’

DNB: The case for policy coordination

Tue, 11 Nov 2025 15:54:59 +0100

'Since monetary and fiscal policy inevitably interact, our responsibility to coordinate them grows with every new challenge we face,' said Olaf Sleijpen in his opening remarks at the Annual Research Conference of De Nederlandsche Bank, on 11 November 2025.

PIMCO: Fed policy in the fog of missing data

Thu, 06 Nov 2025 13:38:46 +0100

By Tiffany Wilding, Economist at PIMCO

The ongoing U.S. government shutdown has policymakers – and investors – operating without much of the timely official data that usually inform their decisions.

Harry Geels: What economists are not telling you about high inflation

Tue, 07 Oct 2025 14:11:32 +0200

_{This column was originally written in Dutch. This is an English translation.}

By Harry Geels

Inflation in the Netherlands stood at 3.3% in September. That is much higher than the ECB's target of 2%. Once again, a whole range of explanations were put forward. But virtually none of them touch on the deeper essence: the euro system.

Capital Group: BoJ blijft alert op externe volatiliteit

Fri, 19 Sep 2025 10:04:44 +0200

Christophe Braun, Equity Investment Director bij Capital Group:

Aberdeen: Chance of postponement of next BoE interest rate cut increases

Thu, 18 Sep 2025 15:52:34 +0200

Felix Feather, Economist at Aberdeen, comments on today's BoE interest rate decision:

AllianzGI: Bank of Japan handhaaft beleid, vooruitblik op rente cruciaal

Wed, 17 Sep 2025 09:23:21 +0200

De Bank of Japan (BOJ) zal de beleidsrente tijdens de komende vergadering onveranderd op 0,5% laten, terwijl zij haar verhogingsbias behoudt. Dit verwacht Greg Hirt, Global CIO Multi Asset bij Allianz Global Investors.

State Street SPDR ETFs: Trump squeezes, ECB eases

Fri, 15 Aug 2025 13:42:24 +0200

State Street Investment Management has identified the key considerations for investors in the coming quarter. This section contains our market outlook for the coming quarter as well as the complete listings and recent standard performance for all factor-based Smart Beta SPDR® ETFs.