Slipping Away – More monetary tightening ahead but the skies darken over the global economy
Join Neil Parker, NatWest Markets FX Strategist, to hear about the market developments over recent weeks. (This webinar was recorded on 6 July 2022.)
In June, the US and UK raised interest rates, while the European Central Bank hinted strongly at a hike. As concerns over inflation remain paramount to central banks across the globe, there’s also some indication that the Federal Reserve and Bank of England are worried about the downturn in activity.
So what’s happening in the global economy and to inflation trends? Will we see a recovery in risk appetite? Will governments be able to alleviate the pain of the cost of living squeeze? Neil gives his insights into what is happening on the markets and macroeconomics.
The Q&A is not available in this edition of the recording.
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We sometimes use a few acronyms in our videos. Here's a list of the key terms:
BoE Bank of England
CBI Confederation of British Industry
CDU/CSU Christlich-Demokratische Union/Christlich-Soziale Union
CIPS Chartered Institute of Purchasing and Supply
CPI Consumer Price Index
CRB Commodity Research Bureau
CTA Commodity trading adviser
ECB European Central Bank
FOMC Federal Open Market Committee
FX Foreign exchange
GDP Gross Domestic Product
GFK Growth from Knowledge (consumer research)
IFO Information and Forschung / Germanys Institute for Economic Research
ILO International Labour Organisation
IMF International Monetary Fund
ISM Institute for Supply Management
JOLTS Job Openings and Labor Turnover Survey
MHRA Medicines and Healthcare products Regulatory Agency
MPC Monetary Policy Committee
NAHB National Association of Home Builders
OBR Office for Budget Responsibility
OECD Organisation for Economic Co-operation and Development
PEPP Pandemic Emergency Purchase Programme
PIPS Percentage in point
PMI Purchasing Managers' Index
PNSB Public Net Sector Borrowing
RICS Royal Institution of Chartered Surveyors
QE Quantitative Easing
VAT Value Added Tax
WTO World Trade Organization
ZEW Zentrum für Europäische Wirtschaftsforschung / Germany's Sentiment Index